
Lord Lawson has become the most senior Tory figure to call for the UK to quit the European Union - pledging to vote "No" in any referendum on membership.
In a move that piles further pressure on David Cameron over the issue, the former chancellor warned his proposed renegotiation would only secure "inconsequential" concessions from Brussels.
Writing in The Times, he said there was now a "clear" case for withdrawal, insisting the economic benefits would "substantially outweigh the costs", in contrast to the Prime Minister's position.
His intervention is sure to further embolden eurosceptic MPs demanding a tougher line to halt the rise of Nigel Farage's rampant anti-EU UK Independence Party (UKIP).
Mr Cameron is already under pressure to hold a "mandate referendum" as early as next spring to seek public approval of his strategy of putting a renegotiated settlement to an in/out vote by 2017.
Lord Lawson, who was Margaret Thatcher's longest-serving chancellor and remains a highly respected figure within the party, said that it was "by no means assured" that Mr Cameron would win the 2015 general election.
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