"Britain within the EU but not in the euro is not a problem - if we stay in the EU but resist getting involved in further integration with the eurozone, that is fine - but if we were to leave, the City would over time be vulnerable to regulatory attacks et cetera" said Mr Tilford.
"If you decide to increase defence spending today, the impact will only let itself be felt in four or seven years down the line, so when dealing with the current Ukraine crisis, it won’t matter," said Rem Korteweg of the CER.
Ian Bond, from the CER said Mr Putin aims to reduce Ukraine to a "vassal state" by pushing for a loose federation in Ukraine under his control. He has upped the ante with a new strain of ethno-nationalism, laying a claim to all areas abroad deemed to be "historic Russia".
The CER commission on the UK and the single market