FOR CLEAN VERSION SEE STORY NUMBER: 4038463

LEAD IN:

UK wine industry experts are eyeing the upcoming vote on whether to leave the European Union with mixed feelings.

With producers and suppliers heavily reliant on pan-European trade, many remain unsure how Brexit will impact upon business.

STORY-LINE:

Sparkling wine on a summer's day in the English capital.

Glistening flutes and bottles in abundance, and a crowd of happy lunchtime drinkers add to the atmosphere of excitement and discovery, along with an impromptu game of ping pong.

It must be London Wine Week.

This is the third year of the festival, and this year is the most popular to date.

Festival director Emma Murphy says "It's the largest self-guided wine tasting that there is across London. It's kind of the only event of its kind that we have over here. So we work with 125 bars, restaurants, independent merchants who all get involved" .

But although these flutes of fizz are English sparkling wine, much of the wine the festival goers here are tasting is from EU member states such as France, Spain, Portugal, Italy and Germany.

The June 23 referendum on whether to quit the European Union is fast approaching. So is this something the industry should fear?

"I wouldn't have said so," says Murphy.

"Wine trade has been going for long enough, even long before the euro, so I wouldn't have thought that would make much difference to be honest with you. Hopefully not anyway."

At the festival hub on London's Devonshire Square, there are pop-up bars featuring wines from across Europe.

These two young graduate trainees are enjoying wines from Portugal, and with their festival wristband, it costs them just five British Pounds for a flight of three.

Oscar Stenbom and Anna Rogers both agree that things may well be different if Britain leaves the union.

"If it's more expensive for them to send the wine here, if there's more tariffs, then yeah I guess it would be," says Anna, while Oscar is concerned about regulation and labelling:

"It would also be more difficult to know what you are drinking because there won't be as many restrictions on labelling the wine based on where it's actually from and the grape it's actually come from."

The New Street wine shop has been taken over by the wine festival. They sell wines from all over the world but today they are holding a tasting featuring wines from Ribera del Duero in northern Spain.

Most wine drinkers know about the region of Rioja, but Bettina Lemm is informing these festival goers about the region she represents.

"I think they (wines of Ribera del Duero) are still an emerging market, especially in the UK. The UK is an important market for Ribera del Duero, it's the seventh-largest export market for Ribera del Duero but I think that we're still establishing ourselves."

But if the UK is an important export market, is Brexit going to throw the proverbial spanner into the works? Lemm doesn't seem too worried "I think at the moment we're pretty confident as we've seen year to year that exports have grown. I think that's going to continue and I don't think it's a worry that we have at the moment," she says.

Wine used to have a rather old fashioned reputation and a comparatively elderly demographic, but this has changed enormously in recent years.

The prevalence of wine clubs popping up in the UK is an indicator of wine's increasing popularity.

Tom Harrow of Honest Grapes explains why this is "I think this is because people want to engage more with what's in the bottle. It's not just liquid, they want to know the stories behind it, they want to meet the people involved. And there's the sociable aspect, you know wine is fundamentally something which we do with other people," he says.

With 125 venues across the metropolis taking part in this festival, there's plenty of opportunity to enjoy it with friends.

But with such enthusiasm for wine spreading across the country, June 23 could bring disruption, according to Harrow "It's fair to say that we're a bit concerned about the possibilities of Brexit, I think the rising price of the euro against the pound will have a serious effect on quality wine. At the moment more than 60 percent of wine that comes into the UK is shipped in massive great tankers and bottled over here and that's not something we get involved with. But that becomes the only affordable way if the pound plummets against the euro. So I think that it won't be a good thing initially for the wine consumer because the prices of these small artisan wines will go up" .

However, the future might be bright in other, unexpected ways.

"All the English wine makers that I speak to say we are half a degree away from being a perfect climate for sparkling wines at least," says Harrow, and with apologies to climate change icon Al Gore, he adds that "global warming is a good thing for the UK sparkling wine trade."

Reports by the WSTA (Wine and Spirit Trade Association) suggest there is still some way to go as the UK comes in at number six on the list of sales of sparkling wine by origin - but it's rising year on year.

600 million bottles of wine are bottled in the UK.

This makes the UK wine market the sixth largest in the world, generating 173 billion British pounds of economic activity, according to the WSTA. 10 billion British pounds are made through sales.

Also being showcased here is one of the new kids on the alcohol block, Regal Rogue Vermouth.

According to brand founder Mark Ward, vermouth, by definition, is 75 percent wine. It must have wormwood and it must have an ABV (alcohol by volume) of 15 to 24 percent. These three things have to be in place for a producer to put vermouth on the bottle or it flouts recent EU regulations.

Ward, who was brought up in hospitality, began the project in Australia where he worked closely with top Australian chefs who introduced him to indigenous herbs and spices.

"It seemed like a really obvious thing to do, marrying the herbs and spices with this abundance of Australian wine to create a New World style of vermouth. And you know the tradition of vermouth is really led by the European markets. You know, Italian, French, now Spanish - but now there are vermouths coming out of America, the UK, Germany and obviously Australia. So pretty much anywhere where you find wine now, you will find a vermouth of some sort." he says.

Ward is attempting to educate the wine drinking market which, he believes, is mostly unaware of the fact that vermouth is fundamentally a wine.

This can only be helped by a new pop up for 2016, the Vermouth Bar.

The parent company of London Wine Week is the aptly named "Drink Up London", and they're already preparing for the 2017 event - Brexit or no Brexit.

FOR CLEAN VERSION SEE STORY NUMBER: 4038463

LEAD IN:

UK wine industry experts are eyeing the upcoming vote on whether to leave the European Union with mixed feelings.

With producers and suppliers heavily reliant on pan-European trade, many remain unsure how Brexit will impact upon business.

STORY-LINE:

Sparkling wine on a summer's day in the English capital.

Glistening flutes and bottles in abundance, and a crowd of happy lunchtime drinkers add to the atmosphere of excitement and discovery, along with an impromptu game of ping pong.

It must be London Wine Week.

This is the third year of the festival, and this year is the most popular to date.

Festival director Emma Murphy says "It's the largest self-guided wine tasting that there is across London. It's kind of the only event of its kind that we have over here. So we work with 125 bars, restaurants, independent merchants who all get involved" .

But although these flutes of fizz are English sparkling wine, much of the wine the festival goers here are tasting is from EU member states such as France, Spain, Portugal, Italy and Germany.

The June 23 referendum on whether to quit the European Union is fast approaching. So is this something the industry should fear?

"I wouldn't have said so," says Murphy.

"Wine trade has been going for long enough, even long before the euro, so I wouldn't have thought that would make much difference to be honest with you. Hopefully not anyway."

At the festival hub on London's Devonshire Square, there are pop-up bars featuring wines from across Europe.

These two young graduate trainees are enjoying wines from Portugal, and with their festival wristband, it costs them just five British Pounds for a flight of three.

Oscar Stenbom and Anna Rogers both agree that things may well be different if Britain leaves the union.

"If it's more expensive for them to send the wine here, if there's more tariffs, then yeah I guess it would be," says Anna, while Oscar is concerned about regulation and labelling:

"It would also be more difficult to know what you are drinking because there won't be as many restrictions on labelling the wine based on where it's actually from and the grape it's actually come from."

The New Street wine shop has been taken over by the wine festival. They sell wines from all over the world but today they are holding a tasting featuring wines from Ribera del Duero in northern Spain.

Most wine drinkers know about the region of Rioja, but Bettina Lemm is informing these festival goers about the region she represents.

"I think they (wines of Ribera del Duero) are still an emerging market, especially in the UK. The UK is an important market for Ribera del Duero, it's the seventh-largest export market for Ribera del Duero but I think that we're still establishing ourselves."

But if the UK is an important export market, is Brexit going to throw the proverbial spanner into the works? Lemm doesn't seem too worried "I think at the moment we're pretty confident as we've seen year to year that exports have grown. I think that's going to continue and I don't think it's a worry that we have at the moment," she says.

Wine used to have a rather old fashioned reputation and a comparatively elderly demographic, but this has changed enormously in recent years.

The prevalence of wine clubs popping up in the UK is an indicator of wine's increasing popularity.

Tom Harrow of Honest Grapes explains why this is "I think this is because people want to engage more with what's in the bottle. It's not just liquid, they want to know the stories behind it, they want to meet the people involved. And there's the sociable aspect, you know wine is fundamentally something which we do with other people," he says.

With 125 venues across the metropolis taking part in this festival, there's plenty of opportunity to enjoy it with friends.

But with such enthusiasm for wine spreading across the country, June 23 could bring disruption, according to Harrow "It's fair to say that we're a bit concerned about the possibilities of Brexit, I think the rising price of the euro against the pound will have a serious effect on quality wine. At the moment more than 60 percent of wine that comes into the UK is shipped in massive great tankers and bottled over here and that's not something we get involved with. But that becomes the only affordable way if the pound plummets against the euro. So I think that it won't be a good thing initially for the wine consumer because the prices of these small artisan wines will go up" .

However, the future might be bright in other, unexpected ways.

"All the English wine makers that I speak to say we are half a degree away from being a perfect climate for sparkling wines at least," says Harrow, and with apologies to climate change icon Al Gore, he adds that "global warming is a good thing for the UK sparkling wine trade."

Reports by the WSTA (Wine and Spirit Trade Association) suggest there is still some way to go as the UK comes in at number six on the list of sales of sparkling wine by origin - but it's rising year on year.

600 million bottles of wine are bottled in the UK.

This makes the UK wine market the sixth largest in the world, generating 173 billion British pounds of economic activity, according to the WSTA. 10 billion British pounds are made through sales.

Also being showcased here is one of the new kids on the alcohol block, Regal Rogue Vermouth.

According to brand founder Mark Ward, vermouth, by definition, is 75 percent wine. It must have wormwood and it must have an ABV (alcohol by volume) of 15 to 24 percent. These three things have to be in place for a producer to put vermouth on the bottle or it flouts recent EU regulations.

Ward, who was brought up in hospitality, began the project in Australia where he worked closely with top Australian chefs who introduced him to indigenous herbs and spices.

"It seemed like a really obvious thing to do, marrying the herbs and spices with this abundance of Australian wine to create a New World style of vermouth. And you know the tradition of vermouth is really led by the European markets. You know, Italian, French, now Spanish - but now there are vermouths coming out of America, the UK, Germany and obviously Australia. So pretty much anywhere where you find wine now, you will find a vermouth of some sort." he says.

Ward is attempting to educate the wine drinking market which, he believes, is mostly unaware of the fact that vermouth is fundamentally a wine.

This can only be helped by a new pop up for 2016, the Vermouth Bar.

The parent company of London Wine Week is the aptly named "Drink Up London", and they're already preparing for the 2017 event - Brexit or no Brexit.

AP Television

London - 27 May 2016

1. Close of wine glasses

2. Bartender pouring sparkling wine

3. Tilt down on central courtyard at Devonshire Square, the hub for London Wine Week

4. Group of friends enjoying English sparkling wine

5. Men playing table tennis

6. Sign reading (English) "London Wine Week"

7. Set up shot of Emma Murphy, director of London Wine Week

8. SOUNDBITE (English) Emma Murphy, director of London Wine Week

"What's unique about it? It's the largest self-guided wine tasting that there is across London. It's kind of the only event of its kind that we have over here. So we work with 125 bars, restaurants, independent merchants who all get involved whether that's with offers, special menus or ticketed events across the week."

9. Two women with wine flight selection

10. SOUNDBITE (English) Emma Murphy, director of London Wine Week

(Responding to the question Do you think a Brexit will affect the wine industry negatively?)

"I wouldn't have said so, because I mean, I think, you know, wine trade has been going for long enough, even long before the euro, so I wouldn't have thought that would make much difference to be honest with you. Hopefully not anyway."

11. Sign reading (English) "Pop into our pop up wine bars"

12. Various of Portuguese wine pop up

13. Mid of graduate trainees in insurance Oscar Stenpom and Anna Rogers

14. Flight of Portuguese wines

15. SOUNDBITE (English) Oscar Stenbom and Anna Rogers, Insurance Graduate Trainees:

(Responding to question Do you think a Brexit will mean it will be more difficult for people to access quality wine?)

Stenbom: "Yes,"

Rogers: "I guess so, I mean if it's more expensive for them to send the wine here, if there's more tariffs, then yeah I guess it would be."

Stenbom: "It would also be more difficult to know what you're drinking, because there won't be as many restrictions on labelling the wine based on where it's actually from and the grape it's actually come from."

16. Pull focus of Spanish wine labels

17. Vintage bottles of fortified wine

18. Side view of Spanish wine bottles

19. Set up shot of Bettina Lemm with wines from Ribera del Duero in northern Spain

20. SOUNDBITE (English) Bettina Lemm, Westbury Communications (which represents the Ribera del Duero region in the UK):

"I think they (wines of Ribera del Duero) are still an emerging market, especially in the UK. The UK is an important market for Ribera del Duero, it's the seventh-largest export market for Ribera del Duero, but I think that we're still establishing ourselves. A lot of people know some big names from the region, and we're just trying to bring attention to some other grape producers who might not yet have the same recognition."

21. Close of wine labels

22. SOUNDBITE (English) Bettina Lemm, Westbury Communications (who represent the Ribera del Duero region in the UK):

(Responding to the question are you worried about the possibility of a Brexit affecting your export market?)

"I think at the moment we're pretty confident, as we've seen year to year that exports have grown. I think that's going to continue and I don't think it's a worry that we have at the moment."

23. Pan from mediaeval knight sculpture to pop up courtyard

24. Mid of Provence wines pop up

25. Establisher shot of Tom Harrow, wine director of Honest Grapes Wine Club

26. Close of Harrow eyeing the wine

27. SOUNDBITE (English) Tom Harrow, wine director of Honest Grapes:

"There's been a real rise in wine clubs in London and the UK generally of late, and I think this is because people want to engage more with what's in the bottle. It's not just liquid, they want to know the stories behind it, they want to meet the people involved. And there's the sociable aspect, you know wine is fundamentally something which we do with other people."

28. Mid of woman laughing over a glass of wine

29. SOUNDBITE (English) Tom Harrow, wine director of Honest Grapes:

"It's fair to say that we're a bit concerned about the possibilities of Brexit, I think the rising price of the euro against the pound will have a serious effect on quality wine. At the moment more than 60 percent of wine that comes into the UK is shipped in massive great tankers and then bottled over here and that's not something we get involved with. But that becomes the only affordable way if the pound plummets against the euro. So I think that it won't be a good thing initially for the wine consumer because the prices of these small artisan wines will go up."

30. Woman at table with wine

31. SOUNDBITE (English) Tom Harrow, wine director of Honest Grapes:

"All the English wine makers that I speak to say we are half a degree away from being a perfect climate for sparkling wines at least - and even the whites, and to an extent the reds are really coming up. So I have to say it - sorry Al Gore - global warming is a good thing for the UK sparkling wine trade."

32. Various of English rose and white sparkling wines

33. Vermouth being poured into a glass

34. Various of "Regal Rogue" Vermouth bottle

35. Tilt up of Mark Ward, founder of Regal Rogue vermouth, and his produce

36. SOUNDBITE (English) Mark Ward, founder of Regal Rogue vermouth:

"It seemed like a really obvious thing to do, marrying the herbs and spices with this abundance of Australian wine to create a New World style of vermouth. And you know the tradition of vermouth is really led by the European markets. You know, Italian, French, now Spanish - but now there are vermouths coming out of America, the UK, Germany and obviously Australia. So pretty much anywhere where you find wine now, you will find a vermouth of some sort."

37. Crowd of London Wine Week attendees at the Vermouth Bar

38. Mid of vermouth cocktails being made

39. Focus pull of sign reading (English) "Drink Up"

LENGTH: 6:02

LEAD IN:

UK wine industry experts are eyeing the upcoming vote on whether to leave the European Union with mixed feelings.

With producers and suppliers heavily reliant on pan-European trade, many remain unsure how Brexit will impact upon business.

STORY-LINE:

Sparkling wine on a summer's day in the English capital.

Glistening flutes and bottles in abundance, and a crowd of happy lunchtime drinkers add to the atmosphere of excitement and discovery, along with an impromptu game of ping pong.

It must be London Wine Week.

This is the third year of the festival, and this year is the most popular to date.

Festival director Emma Murphy says "It's the largest self-guided wine tasting that there is across London. It's kind of the only event of its kind that we have over here. So we work with 125 bars, restaurants, independent merchants who all get involved" .

But although these flutes of fizz are English sparkling wine, much of the wine the festival goers here are tasting is from EU member states such as France, Spain, Portugal, Italy and Germany.

The June 23 referendum on whether to quit the European Union is fast approaching. So is this something the industry should fear?

"I wouldn't have said so," says Murphy.

"Wine trade has been going for long enough, even long before the euro, so I wouldn't have thought that would make much difference to be honest with you. Hopefully not anyway."

At the festival hub on London's Devonshire Square, there are pop-up bars featuring wines from across Europe.

These two young graduate trainees are enjoying wines from Portugal, and with their festival wristband, it costs them just five British Pounds for a flight of three.

Oscar Stenbom and Anna Rogers both agree that things may well be different if Britain leaves the union.

"If it's more expensive for them to send the wine here, if there's more tariffs, then yeah I guess it would be," says Anna, while Oscar is concerned about regulation and labelling:

"It would also be more difficult to know what you are drinking because there won't be as many restrictions on labelling the wine based on where it's actually from and the grape it's actually come from."

The New Street wine shop has been taken over by the wine festival. They sell wines from all over the world but today they are holding a tasting featuring wines from Ribera del Duero in northern Spain.

Most wine drinkers know about the region of Rioja, but Bettina Lemm is informing these festival goers about the region she represents.

"I think they (wines of Ribera del Duero) are still an emerging market, especially in the UK. The UK is an important market for Ribera del Duero, it's the seventh-largest export market for Ribera del Duero but I think that we're still establishing ourselves."

But if the UK is an important export market, is Brexit going to throw the proverbial spanner into the works? Lemm doesn't seem too worried "I think at the moment we're pretty confident as we've seen year to year that exports have grown. I think that's going to continue and I don't think it's a worry that we have at the moment," she says.

Wine used to have a rather old fashioned reputation and a comparatively elderly demographic, but this has changed enormously in recent years.

The prevalence of wine clubs popping up in the UK is an indicator of wine's increasing popularity.

Tom Harrow of Honest Grapes explains why this is "I think this is because people want to engage more with what's in the bottle. It's not just liquid, they want to know the stories behind it, they want to meet the people involved. And there's the sociable aspect, you know wine is fundamentally something which we do with other people," he says.

With 125 venues across the metropolis taking part in this festival, there's plenty of opportunity to enjoy it with friends.

But with such enthusiasm for wine spreading across the country, June 23 could bring disruption, according to Harrow "It's fair to say that we're a bit concerned about the possibilities of Brexit, I think the rising price of the euro against the pound will have a serious effect on quality wine. At the moment more than 60 percent of wine that comes into the UK is shipped in massive great tankers and bottled over here and that's not something we get involved with. But that becomes the only affordable way if the pound plummets against the euro. So I think that it won't be a good thing initially for the wine consumer because the prices of these small artisan wines will go up" .

However, the future might be bright in other, unexpected ways.

"All the English wine makers that I speak to say we are half a degree away from being a perfect climate for sparkling wines at least," says Harrow, and with apologies to climate change icon Al Gore, he adds that "global warming is a good thing for the UK sparkling wine trade."

Reports by the WSTA (Wine and Spirit Trade Association) suggest there is still some way to go as the UK comes in at number six on the list of sales of sparkling wine by origin - but it's rising year on year.

600 million bottles of wine are bottled in the UK.

This makes the UK wine market the sixth largest in the world, generating 173 billion British pounds of economic activity, according to the WSTA. 10 billion British pounds are made through sales.

Also being showcased here is one of the new kids on the alcohol block, Regal Rogue Vermouth.

According to brand founder Mark Ward, vermouth, by definition, is 75 percent wine. It must have wormwood and it must have an ABV (alcohol by volume) of 15 to 24 percent. These three things have to be in place for a producer to put vermouth on the bottle or it flouts recent EU regulations.

Ward, who was brought up in hospitality, began the project in Australia where he worked closely with top Australian chefs who introduced him to indigenous herbs and spices.

"It seemed like a really obvious thing to do, marrying the herbs and spices with this abundance of Australian wine to create a New World style of vermouth. And you know the tradition of vermouth is really led by the European markets. You know, Italian, French, now Spanish - but now there are vermouths coming out of America, the UK, Germany and obviously Australia. So pretty much anywhere where you find wine now, you will find a vermouth of some sort." he says.

Ward is attempting to educate the wine drinking market which, he believes, is mostly unaware of the fact that vermouth is fundamentally a wine.

This can only be helped by a new pop up for 2016, the Vermouth Bar.

The parent company of London Wine Week is the aptly named "Drink Up London", and they're already preparing for the 2017 event - Brexit or no Brexit.

LEAD IN:

UK wine industry experts are eyeing the upcoming vote on whether to leave the European Union with mixed feelings.

With producers and suppliers heavily reliant on pan-European trade, many remain unsure how Brexit will impact upon business.

STORY-LINE:

Sparkling wine on a summer's day in the English capital.

Glistening flutes and bottles in abundance, and a crowd of happy lunchtime drinkers add to the atmosphere of excitement and discovery, along with an impromptu game of ping pong.

It must be London Wine Week.

This is the third year of the festival, and this year is the most popular to date.

Festival director Emma Murphy says "It's the largest self-guided wine tasting that there is across London. It's kind of the only event of its kind that we have over here. So we work with 125 bars, restaurants, independent merchants who all get involved" .

But although these flutes of fizz are English sparkling wine, much of the wine the festival goers here are tasting is from EU member states such as France, Spain, Portugal, Italy and Germany.

The June 23 referendum on whether to quit the European Union is fast approaching. So is this something the industry should fear?

"I wouldn't have said so," says Murphy.

"Wine trade has been going for long enough, even long before the euro, so I wouldn't have thought that would make much difference to be honest with you. Hopefully not anyway."

At the festival hub on London's Devonshire Square, there are pop-up bars featuring wines from across Europe.

These two young graduate trainees are enjoying wines from Portugal, and with their festival wristband, it costs them just five British Pounds for a flight of three.

Oscar Stenbom and Anna Rogers both agree that things may well be different if Britain leaves the union.

"If it's more expensive for them to send the wine here, if there's more tariffs, then yeah I guess it would be," says Anna, while Oscar is concerned about regulation and labelling:

"It would also be more difficult to know what you are drinking because there won't be as many restrictions on labelling the wine based on where it's actually from and the grape it's actually come from."

The New Street wine shop has been taken over by the wine festival. They sell wines from all over the world but today they are holding a tasting featuring wines from Ribera del Duero in northern Spain.

Most wine drinkers know about the region of Rioja, but Bettina Lemm is informing these festival goers about the region she represents.

"I think they (wines of Ribera del Duero) are still an emerging market, especially in the UK. The UK is an important market for Ribera del Duero, it's the seventh-largest export market for Ribera del Duero but I think that we're still establishing ourselves."

But if the UK is an important export market, is Brexit going to throw the proverbial spanner into the works? Lemm doesn't seem too worried "I think at the moment we're pretty confident as we've seen year to year that exports have grown. I think that's going to continue and I don't think it's a worry that we have at the moment," she says.

Wine used to have a rather old fashioned reputation and a comparatively elderly demographic, but this has changed enormously in recent years.

The prevalence of wine clubs popping up in the UK is an indicator of wine's increasing popularity.

Tom Harrow of Honest Grapes explains why this is "I think this is because people want to engage more with what's in the bottle. It's not just liquid, they want to know the stories behind it, they want to meet the people involved. And there's the sociable aspect, you know wine is fundamentally something which we do with other people," he says.

With 125 venues across the metropolis taking part in this festival, there's plenty of opportunity to enjoy it with friends.

But with such enthusiasm for wine spreading across the country, June 23 could bring disruption, according to Harrow "It's fair to say that we're a bit concerned about the possibilities of Brexit, I think the rising price of the euro against the pound will have a serious effect on quality wine. At the moment more than 60 percent of wine that comes into the UK is shipped in massive great tankers and bottled over here and that's not something we get involved with. But that becomes the only affordable way if the pound plummets against the euro. So I think that it won't be a good thing initially for the wine consumer because the prices of these small artisan wines will go up" .

However, the future might be bright in other, unexpected ways.

"All the English wine makers that I speak to say we are half a degree away from being a perfect climate for sparkling wines at least," says Harrow, and with apologies to climate change icon Al Gore, he adds that "global warming is a good thing for the UK sparkling wine trade."

Reports by the WSTA (Wine and Spirit Trade Association) suggest there is still some way to go as the UK comes in at number six on the list of sales of sparkling wine by origin - but it's rising year on year.

600 million bottles of wine are bottled in the UK.

This makes the UK wine market the sixth largest in the world, generating 173 billion British pounds of economic activity, according to the WSTA. 10 billion British pounds are made through sales.

Also being showcased here is one of the new kids on the alcohol block, Regal Rogue Vermouth.

According to brand founder Mark Ward, vermouth, by definition, is 75 percent wine. It must have wormwood and it must have an ABV (alcohol by volume) of 15 to 24 percent. These three things have to be in place for a producer to put vermouth on the bottle or it flouts recent EU regulations.

Ward, who was brought up in hospitality, began the project in Australia where he worked closely with top Australian chefs who introduced him to indigenous herbs and spices.

"It seemed like a really obvious thing to do, marrying the herbs and spices with this abundance of Australian wine to create a New World style of vermouth. And you know the tradition of vermouth is really led by the European markets. You know, Italian, French, now Spanish - but now there are vermouths coming out of America, the UK, Germany and obviously Australia. So pretty much anywhere where you find wine now, you will find a vermouth of some sort." he says.

Ward is attempting to educate the wine drinking market which, he believes, is mostly unaware of the fact that vermouth is fundamentally a wine.

This can only be helped by a new pop up for 2016, the Vermouth Bar.

The parent company of London Wine Week is the aptly named "Drink Up London", and they're already preparing for the 2017 event - Brexit or no Brexit.

AP Television

London - 27 May 2016

1. Close of wine glasses

2. Bartender pouring sparkling wine

3. Tilt down on central courtyard at Devonshire Square, the hub for London Wine Week

4. Group of friends enjoying English sparkling wine

5. Men playing table tennis

6. Sign reading (English) "London Wine Week"

7. Set up shot of Emma Murphy, director of London Wine Week

8. SOUNDBITE (English) Emma Murphy, director of London Wine Week

"What's unique about it? It's the largest self-guided wine tasting that there is across London. It's kind of the only event of its kind that we have over here. So we work with 125 bars, restaurants, independent merchants who all get involved whether that's with offers, special menus or ticketed events across the week."

9. Two women with wine flight selection

10. SOUNDBITE (English) Emma Murphy, director of London Wine Week

(Responding to the question Do you think a Brexit will affect the wine industry negatively?)

"I wouldn't have said so, because I mean, I think, you know, wine trade has been going for long enough, even long before the euro, so I wouldn't have thought that would make much difference to be honest with you. Hopefully not anyway."

11. Sign reading (English) "Pop into our pop up wine bars"

12. Various of Portuguese wine pop up

13. Mid of graduate trainees in insurance Oscar Stenpom and Anna Rogers

14. Flight of Portuguese wines

15. SOUNDBITE (English) Oscar Stenbom and Anna Rogers, Insurance Graduate Trainees:

(Responding to question Do you think a Brexit will mean it will be more difficult for people to access quality wine?)

Stenbom: "Yes,"

Rogers: "I guess so, I mean if it's more expensive for them to send the wine here, if there's more tariffs, then yeah I guess it would be."

Stenbom: "It would also be more difficult to know what you're drinking, because there won't be as many restrictions on labelling the wine based on where it's actually from and the grape it's actually come from."

16. Pull focus of Spanish wine labels

17. Vintage bottles of fortified wine

18. Side view of Spanish wine bottles

19. Set up shot of Bettina Lemm with wines from Ribera del Duero in northern Spain

20. SOUNDBITE (English) Bettina Lemm, Westbury Communications (which represents the Ribera del Duero region in the UK):

"I think they (wines of Ribera del Duero) are still an emerging market, especially in the UK. The UK is an important market for Ribera del Duero, it's the seventh-largest export market for Ribera del Duero, but I think that we're still establishing ourselves. A lot of people know some big names from the region, and we're just trying to bring attention to some other grape producers who might not yet have the same recognition."

21. Close of wine labels

22. SOUNDBITE (English) Bettina Lemm, Westbury Communications (who represent the Ribera del Duero region in the UK):

(Responding to the question are you worried about the possibility of a Brexit affecting your export market?)

"I think at the moment we're pretty confident, as we've seen year to year that exports have grown. I think that's going to continue and I don't think it's a worry that we have at the moment."

23. Pan from mediaeval knight sculpture to pop up courtyard

24. Mid of Provence wines pop up

25. Establisher shot of Tom Harrow, wine director of Honest Grapes Wine Club

26. Close of Harrow eyeing the wine

27. SOUNDBITE (English) Tom Harrow, wine director of Honest Grapes:

"There's been a real rise in wine clubs in London and the UK generally of late, and I think this is because people want to engage more with what's in the bottle. It's not just liquid, they want to know the stories behind it, they want to meet the people involved. And there's the sociable aspect, you know wine is fundamentally something which we do with other people."

28. Mid of woman laughing over a glass of wine

29. SOUNDBITE (English) Tom Harrow, wine director of Honest Grapes:

"It's fair to say that we're a bit concerned about the possibilities of Brexit, I think the rising price of the euro against the pound will have a serious effect on quality wine. At the moment more than 60 percent of wine that comes into the UK is shipped in massive great tankers and then bottled over here and that's not something we get involved with. But that becomes the only affordable way if the pound plummets against the euro. So I think that it won't be a good thing initially for the wine consumer because the prices of these small artisan wines will go up."

30. Woman at table with wine

31. SOUNDBITE (English) Tom Harrow, wine director of Honest Grapes:

"All the English wine makers that I speak to say we are half a degree away from being a perfect climate for sparkling wines at least - and even the whites, and to an extent the reds are really coming up. So I have to say it - sorry Al Gore - global warming is a good thing for the UK sparkling wine trade."

32. Various of English rose and white sparkling wines

33. Vermouth being poured into a glass

34. Various of "Regal Rogue" Vermouth bottle

35. Tilt up of Mark Ward, founder of Regal Rogue vermouth, and his produce

36. SOUNDBITE (English) Mark Ward, founder of Regal Rogue vermouth:

"It seemed like a really obvious thing to do, marrying the herbs and spices with this abundance of Australian wine to create a New World style of vermouth. And you know the tradition of vermouth is really led by the European markets. You know, Italian, French, now Spanish - but now there are vermouths coming out of America, the UK, Germany and obviously Australia. So pretty much anywhere where you find wine now, you will find a vermouth of some sort."

37. Crowd of London Wine Week attendees at the Vermouth Bar

38. Mid of vermouth cocktails being made

39. Focus pull of sign reading (English) "Drink Up"

LENGTH: 6:02

RESTRICTION SUMMARY: AP CLIENTS ONLY

SHOTLIST:

AP TELEVISION - AP CLIENTS ONLY

County Fermanagh, Northern Ireland, close to the border - 26 June, 2016

1. Grazing sheep

2. Sheep grazing

3. Marked sheep

4. Farmer Hugh Maguire driving in car on his farmland, UPSOUND (English): Hugh Maguire, farmer: "And southern Ireland is right over there, it's probably not a quarter mile across."

5. SOUNDBITE (English) Hugh Maguire, farmer:

"Well, I voted to remain, and I thought the result was a disaster for farming especially in Northern Ireland, where we are dependent on 80 per cent of our income from the single farm payment or subsidies. So I honestly think in a few years' time, if we remain the same, there'll be no farming up in this part of Northern Ireland. We should be treated in Northern Ireland the same as the Republic."

6. Maguire closing gate

7. Cow grazing, farm in the background

Belcoo, County Fermanagh, Northern Ireland - 25 June, 2016

8. Bridge leading from Blacklion, Republic of Ireland, to Belcoo, Northern Ireland (UK)

9. Town sign of Belcoo, with speed limit in miles per hour

10. People walking down bridge

Belcoo, Northern Ireland (UK) - 26 June, 2016

11. Businessman Jonathan Balfour paying in supermarket

12. Woman taking newspaper from stand in supermarket

13. Newspaper headline of 'Sunday Times' reading (English) "After Brexit, what now?"

14. Jonathan Balfour and his children Dorothy and Jona leaving supermarket

15. SOUNDBITE (English) Jonathan Balfour, 42, owner of Elite Electronic Systems in Enniskillen, Northern Ireland:

"I am involved in manufacturing, so a lot of our customers are in Europe, and I think it's going to make it more difficult for us to compete in Europe with our competitors, and our cost of goods is more expensive because of this."

Blacklion, Republic of Ireland - 25 June, 2016

16. Bridge leading from Belcoo, UK, to Blacklion, Republic of Ireland, with town sign of Blacklion (in English and Gaelic) and speed limit in kilometres per hour

17. Ireland cup in "The Market House" tourist centre and gift shop

18. Tourist gifts on shelf

19. SOUNDBITE (English) Helena Corcoran, 61, tourist administrator, living in Blacklion for 15 years:

"Because we are so close with Belcoo and Blacklion, we're neighbours, and we're fearful that they will ask us for passports and that this will happen. But really it's the unknown at the moment, so that's the fear."

20. Corcoran talking to colleague Margaret McCauley and Cavan County councillor John Paul Feeley in tourist centre

21. Feeley leaving "The Market House" tourist centre

22. SOUNDBITE (English) John Paul Feeley, Cavan County councillor:

"It's going to increase the cost of doing business between both parts of Ireland, and it's going to have an impact on the over 30-thousand people who commute either north or south of the border to work and to avail of education on a daily basis. It's a very serious situation for us, it's one that we are going to watch and wait, and hope that a solution is found that minimizes the impact of 'Brexit'.''

Newry, Northern Ireland (UK) - 26 June, 2016

23."Brexit" campaign posters for "Leave" and "Remain" in street in town

24. Bridge in town centre

25. Fans from Northern Ireland wearing jerseys of the football team of the Republic of Ireland standing singing outside "Quayside Inn" during Euro 2016 match of Ireland against France

26. Fans wearing jerseys of the football team of the Republic of Ireland singing inside "Quayside Inn" while watching the Euro 2016 match of Ireland against France

27. Waitress pulling a pint of beer

28. Fan watching match, shaking head

29. SOUNDBITE (English) Ian Downey, 46, furniture-maker from Newry:

"It's so close to the border, and when there was a break-up of Ireland, it left us in a bad situation, if you know what I mean. We're in the north but we should really be part of the south."

30. Ian Downey watching the Euro 2016 match of Ireland against France, rooting for Ireland

31. SOUNDBITE (English) Ian Downey, 46, furniture maker from Newry:

"I don't want the border to go back up again because it would create tension here.''

32. Geraldine Merendino outside "Quayside Inn"

33. SOUNDBITE (English) Geraldine Merendino, 48, mother of three from Newry:

"We're not sure yet, I don't even think the politicians know what's going to happen next. They called an EU referendum, I don't think they got the answer they truly wanted, and now everybody's up in arms over it. So, we'll just have to wait and see what happens."

34. Girls walking down street in Newry

35. Various of view from Narrow Water Castle across river to Republic of Ireland

36. Narrow Water Castle near Newry

STORYLINE:

Residents on Ireland's border are trying to imagine what life will be like if Northern Ireland leaves the European Union.

Many now fear that the clock could soon be turned decades back to dark days when the border was a fortified conflict zone.

Northern Ireland farmer Hugh Maguire, like many residents along the United Kingdom's virtually unmarked land border with the Republic of Ireland, faces the risk of financial ruin if Britain proceeds with plans to exit the European Union, whose agricultural subsidies provide most of his income from highland pastures of cows and sheep.

Maguire called last week's referendum verdict, with 52 per cent voting UK-wide to leave the bloc, including 44 per cent in Northern Ireland, "a disaster."

Many now fear that both British and Irish authorities will have no choice but to redeploy customs officers and police to deter immigration and smuggling.

The shock decision to back "Brexit" sent the British pound tumbling against other currencies, including the euro used in the Republic of Ireland.

"A lot of our customers are in Europe, and I think it's going to make it more difficult for us to compete in Europe," said Jonathan Balfour, director of Elite Electronic Systems, a business that employs around 200 in the nearby Northern Ireland town of Enniskillen. The company assembles printed circuit boards and other electronic peripherals but finds its cost for imported materials is rising in tune with the pound's sharp decline.

For the people in Newry, Northern Ireland, it appeared normal to root for the Republic during the Euro 2016. "We're in the north but we should really be part of the south," said Ian Downey, one of the many Northern Irish fans wearing the green jerseys of the Republic of Ireland during Ireland's match against France on Sunday.

"I don't want the border to go back up again because it would create tension here,'' he added.

===========================================================

Clients are reminded:

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RESTRICTION SUMMARY: AP CLIENTS ONLY

SHOTLIST

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Melton Mowbray - 2 August 2016

1. Various of 'Borough of Melton' road sign

2. Wide exterior of local butcher's shop

3. Various of Melton Mowbray pork pies in shop

4. Clarinet player in Melton Mowbray main street playing outside Ye Olde Pork Pie Shoppe run by Dickinson and Morris

5. Various of managing director of pork pie makers Dickinson and Morris, Stephen Hallam, making pork pie

6. Close of pork pies going into the oven

7. SOUNDBITE (English) Stephen Hallam, managing director of pork pie makers Dickinson and Morris:

"So we had to go to Europe, there is no law in Britain, with a protected food name scheme. Now, that took us a long while, some 12 to 15 years. And we've got the endorsement, we've got the recognised protection. It's policed through trading standards. If European protection is lost through coming out of Europe, then we need in this country to tabulate or formulate some legislation that picks up where PGI (protected geographical indication) has always been for us to protect the pork pie, the Melton Mowbray pork pie and other food products, for perpetuity."

8. Pork pies coming out of the oven

9. Pork pie being sliced open

10. Wide of Melton Mowbray market food hall

11. Melton Mowbray pie sign

12. Set up shot of Mathew O'Callaghan, chairman and founder of Melton Mowbray Pork Pie association and chairman of the United Kingdom Protected Food Names Association

13. SOUNDBITE (English) Mathew O'Callaghan, chairman and founder of Melton Mowbray Pork Pie association, chairman of the United Kingdom Protected Food Names Association:

"Once Brexit occurs, we lose all the protection for the UK. And there is 72 of them protected food names both within the UK and within Europe. And that's worth over a billion pounds. Anybody in Europe can then copy our products (after Brexit) as anybody in the UK can copy a Melton Mowbray Pork Pie for example. It's not been thought through, unfortunately."

14. Cutaway O'Callaghan

15. SOUNDBITE (English) Mathew O'Callaghan, chairman and founder of Melton Mowbray Pork Pie association, chairman of the United Kingdom Protected Food Names Association:

"It means that anybody could make a Melton Mowbray Pork Pie for example in Poland, not use the proper recipe so make it in hoops, not using cured pork, use less than 30 percent pork, make a cheaper imitation in Poland and sell it in the UK passing it off as a Melton Mowbray Pork Pie. Now that's going to cost us jobs. It's worth about 60 million pounds to this area (pork pies), not only in sales, but it's worth another 70 million pounds in terms of food tourism. This market is buzzing with people. They come here for our food heritage. We'd lose that as well."

16. Various of cattle auction at Melton Mowbray market

17. Various of cattle

18. Market sign

19. Exterior of the Melton Cheeseboard shop

20. Various of owner of Melton Cheeseboard shop and judge at world cheese awards, Tim Brown, cutting local Stilton Cheese

21. Pan of wedges of packaged Stilton cheese

22. SOUNDBITE (English) Tim Brown, owner of Melton Cheeseboard shop and judge at world cheese awards:

"I would hope that DEFRA (UK Government Department for Environment, Food, and Rural Affairs) who would presumably organise the scheme would take it on board and say' we're going to just reproduce the same scheme and we will back it by the power of the British Government'."

23. Mid of Stilton

STORYLINE:

Certain British food items, such as the Melton Mowbray pork pie or Stilton cheese are sold at a premium thanks to a certificate of regional authenticity.

But that marker of distinction - the same kind that ensures Champagne can only come from the French region of the same name - is granted by the European Union and is now at risk after Britain voted to leave the 28-country bloc.

Stephen Hallam's pork pie business generates around 4 million US dollars a year, because his product is protected by that certificate of regional authenticity.

The certificate is an internationally recognised mark of quality reserved for produce that has a historical reputation for excellence and meets strict criteria.

Hallam's pies, for example, are made with uncured British pork within a specific geographical area and are baked with no supporting baking tin or hoop.

"We had to go to Europe, there is no law in Britain, with a protected food name scheme. Now, that took us a long while, some 12 to 15 years. And we've got the endorsement, we've got the recognised protection," said Hallam.

It's the same marker that ensures Champagne can only come from northeast France and Gorgonzola cheese from the Italian town of the same name.

But with Britain's looming exit, Hallam's pork pies and 72 other products in the UK food are at risk of losing the certificate.

Add to that 3.97 billion US dollars in EU subsidies for farmers and the risk that agriculture will not be a priority to protect during trade negotiations with the EU, and Britain's decision to leave the bloc risks hurting an already vulnerable part of the economy and fraying a sense of local identity.

Melton Mowbray is a town of roughly 25,000 where the local pork pies and Stilton cheese enjoy protected status.

"It's policed through trading standards. If European protection is lost through coming out of Europe, then we need in this country to tabulate or formulate some legislation," Hallam said.

Melton Mowbray pork pies generates 78 million US dollars a year for the community, Stilton cheese another 78 million US dollars and an additional 91 million US dollars comes to Melton Mowbray and the surrounding community through food tourism, explains Matthew O'Callaghan, who not only happens to be chairman of the UK Protected Food Names Association, but also leads Melton Mowbray's pork pie association.

The Melton Mowbray pork pies could lose their EU protections, O'Callaghan warned, which could expose many of the bakers to unfair competition.

"It means that anybody could make a Melton Mowbray Pork Pie for example in Poland, not use the proper recipe so make it in hoops, not using cured pork, use less than 30 percent pork, make a cheaper imitation," he said. "Now that's going to cost us jobs."

Stilton cheese can only hail from three counties in England, making it a vital industry in those communities.

The cheese enjoys trademark protections dating back as far as 1966 that should ensure its gourmet status although some in the industry are concerned whether European public opinion turns against Stilton as a means of protesting the Brexit vote.

Owner of Melton Cheeseboard shop and judge at world cheese awards, Tim Brown, explained that the 1966 trademark protection is a massive help to the Stilton industry, but called on the UK government to find legislation that could match the European certificate of regional authenticity to offer maximum protection for the product.

"I would hope that DEFRA (UK Government Department for Environment, Food, and Rural Affairs) who would presumably organise the scheme would take it on board and say we're going to just reproduce the same scheme and we will back it by the power of the British Government," he said.

The question over the benefits of the EU's certificates reflects the complexity of global trade.

Many people in rural Britain voted to leave the EU because belonging to the 28-country bloc threatened their sense of national identity.

In some voters' minds, globalisation is synonymous with regulations, immigrants and the loss of jobs to low-cost countries in Eastern Europe or China, even though it also has carved out markets for goods deemed fundamental to the British identity.

Most purveyors of protected products described the post-Brexit environment as hazy.

Some have safety in trademarks outside the EU, while others worry about the damage to Britain's brand on the continent and the complex network of trade deals that extend from the EU to Asia and South America.

"Once Brexit occurs, we loose all the protection for the UK. And there is 72 of them protected food names both within the UK and within Europe. And that's worth over a billion pounds," O'Callaghan worries.

"Anybody in Europe can then copy our products (after Brexit) as anyone in the UK can copy a Melton Mowbray Pork Pie for example. It's not been thought through unfortunately."

===========================================================

Clients are reminded:

(i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com

(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service

(iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory.

Thousands of British expatriates have learned to love the pleasure the Portuguese sunshine and the easier lifestyle, but with the so called "Brexit" on the horizon, a cloud of uncertainty is taking shape in the Algarve's blue skies. What will happen if Britain votes to leave the European Union in a June referendum?

The UK and Portugal are both part of the 28 countries making up the bloc.

EU laws stipulate that the bloc's citizens have the same rights as those nationals in any other member nation.

The impending ballot has brought questions and concerns for the British expats about what might happen if they no longer belong to the EU.

Would the so-called 'Brexit' bring different rules for their property ownerships and taxation, as well as inheritance rights?

Will British expats still be entitled to local welfare benefits and free public health services?

Would they still be able to have automatic residence and work permits?

In Vilamoura, where many expatriates live in extensive condominiums, the Lawn Bowls green showcases one of Britain's most genteel sports.

The Vilamoura Lawn Bowls Club has around 40 members who play three-hour games, and there is enough interest in the sport from Britons living along Portugal's southern Algarve coastline to sustain eight lawn bowls clubs which now play in two leagues.

For John Hewitson, who retired out here with his wife 15 years ago and lives off his British old-age pension, the immediate worry is the exchange rate.

The British pound has weakened recently as markets fret over the referendum.

If sterling drops to parity with the shared euro currency, which Portugal uses, it "would be a disaster for pensioners," he says.

Campaigners who want the UK out of the EU say they are fed up with, among other things, immigrants having access to often overstretched British welfare benefits and public services.

The House of Commons library calculates there are around three (m) million EU migrants living in the UK.

Peter Booker, who retired with his schoolteacher wife to Tavira in the eastern Algarve 17 years ago after a three-decade career in the British coal industry, founded the Algarve History Association, which encourages expatriates to learn about Portugal.

Booker rejects the benefits argument, saying reciprocity is fair and right.

He said he benefits in Portugal ... and the Portuguese benefit in Britain. That, he said, is right and it should remain like that.

Sheila MacDonald a retired Scottish woman, lives in Tavira Garden, a condominium set around a large swimming pool, in the town of the same name, that is home to dozens of expatriates.

She came for the healthy climate and belongs to expat clubs that study books, music and archaeology.

She worries about welfare and "this whole business of 'no welfare for people who are emigrating into Great Britain," and asks about the "Brits who have emigrated into the EU."

Sixty-year-old Michael Wood says the Portuguese Health Service has been a good friend to him as well, with prices "next to nothing" when compared to Britain.

Wood does not consider returning anytime soon.

"Why? Why would I want to?" He says with a smile.

Britain's House of Commons library estimates there are roughly 1.2 (m) million British migrants living in other EU countries, especially France, Spain and Portugal.

Analysts reckon, however, the true number could be at least double that and maybe a lot more because many people don't bother registering with their embassies or local authorities.

Thousands of British expatriates have learned to love the pleasure the Portuguese sunshine and the easier lifestyle, but with the so called "Brexit" on the horizon, a cloud of uncertainty is taking shape in the Algarve's blue skies. What will happen if Britain votes to leave the European Union in a June referendum?

The UK and Portugal are both part of the 28 countries making up the bloc.

EU laws stipulate that the bloc's citizens have the same rights as those nationals in any other member nation.

The impending ballot has brought questions and concerns for the British expats about what might happen if they no longer belong to the EU.

Would the so-called 'Brexit' bring different rules for their property ownerships and taxation, as well as inheritance rights?

Will British expats still be entitled to local welfare benefits and free public health services?

Would they still be able to have automatic residence and work permits?

In Vilamoura, where many expatriates live in extensive condominiums, the Lawn Bowls green showcases one of Britain's most genteel sports.

The Vilamoura Lawn Bowls Club has around 40 members who play three-hour games, and there is enough interest in the sport from Britons living along Portugal's southern Algarve coastline to sustain eight lawn bowls clubs which now play in two leagues.

For John Hewitson, who retired out here with his wife 15 years ago and lives off his British old-age pension, the immediate worry is the exchange rate.

The British pound has weakened recently as markets fret over the referendum.

If sterling drops to parity with the shared euro currency, which Portugal uses, it "would be a disaster for pensioners," he says.

Campaigners who want the UK out of the EU say they are fed up with, among other things, immigrants having access to often overstretched British welfare benefits and public services.

The House of Commons library calculates there are around three (m) million EU migrants living in the UK.

Peter Booker, who retired with his schoolteacher wife to Tavira in the eastern Algarve 17 years ago after a three-decade career in the British coal industry, founded the Algarve History Association, which encourages expatriates to learn about Portugal.

Booker rejects the benefits argument, saying reciprocity is fair and right.

He said he benefits in Portugal ... and the Portuguese benefit in Britain. That, he said, is right and it should remain like that.

Sheila MacDonald a retired Scottish woman, lives in Tavira Garden, a condominium set around a large swimming pool, in the town of the same name, that is home to dozens of expatriates.

She came for the healthy climate and belongs to expat clubs that study books, music and archaeology.

She worries about welfare and "this whole business of 'no welfare for people who are emigrating into Great Britain," and asks about the "Brits who have emigrated into the EU."

Sixty-year-old Michael Wood says the Portuguese Health Service has been a good friend to him as well, with prices "next to nothing" when compared to Britain.

Wood does not consider returning anytime soon.

"Why? Why would I want to?" He says with a smile.

Britain's House of Commons library estimates there are roughly 1.2 (m) million British migrants living in other EU countries, especially France, Spain and Portugal.

Analysts reckon, however, the true number could be at least double that and maybe a lot more because many people don't bother registering with their embassies or local authorities.

Vilamoura - 1 March 2016

1. Pensioners playing a game of bowls known as 'woods' at the lawn bowls green of Vilamoura

2. Players and score board marker

3. Set up shot for pensioner John Hewitson

4. SOUNDBITE (English) John Hewitson, 73-year-old pensioner:

"All pensions are paid into the UK and it comes out here in Euros. We went through a good patch and then we come through a bad patch. I think if UK did come out of the Eurozone (referring to the European Union) I think it would mean that the pound is fluctuating again quite a lot before it stabilises and it could stabilise the wrong way and go nearer the one to one, I suppose, which would be a disaster for the pensioners."

5. Wide of lawn bowls green

Albufeira - 1 March 2016

6. Pan from ocean to beach

7. Various of restaurants in downtown Albufeira

8. Sign reading "English Breakfast"

9. Set up shot for pensioner Michael Wood pulling a pint

10. Close of pint of beer

11. SOUNDBITE (English) Michael Wood, 60-year-old pensioner and pub owner:

"I go to see the doctor and it costs me five Euros. I go to the Emergency and it costs me 15 Euros. I don't mind paying five Euros or 15 Euros because you know you're going to get seen straight away, within half-an-hour or maybe within an hour. You're not sitting there for eight or nine hours and if it is an emergency you're straight in anyway. And of course the cost of prescriptions - next to nothing, really."

12. Close of logo on Wood's shirt

13. SOUNDBITE (English) Michael Wood, 60-year-old pensioner and pub owner:

"People say, 'would you ever go back to England?' I say, 'Why?' Why would I want to? I'm quite happy here."

Tavira - 2 March 2016

14. Sign of Tavira Garden, residential and holiday complex

15. Mid of swimming pool

16. Set up shot for pensioner Sheila MacDonald

17. SOUNDBITE (English) Sheila MacDonald, 79-year-old Pensioner:

"We're concerned about GP services here. Are we going to be entitled to it? In theory, if they are going to prevent this whole business of 'no welfare for people who are emigrating into Great Britain', then what about the Brits who have emigrated into the EU?"

Olhao - 2 March 2016

18. Various of Olhao dock

19. Set up shot for pensioner Peter Booker

20. SOUNDBITE (English) Peter Booker, pensioner and founder of Algarve History Association:

"The agreements with the European Union mean free movement of labour and people within the Union. I don't see what's wrong with that happening. I benefit here in Portugal, Portuguese benefit in Britain and I think that that is right, it should remain like that and I don't see any justification for altering those rules."

21. Various of news stand with British papers

Albufeira - 1 March 2016

22. Various of Albufeira beach

British voters are deciding in a June 23 referendum on whether or not to leave the 28-nation European Union bloc - a move being called a "Brexit" for short.

From the international banks in the skyscrapers of Canary Wharf to the traditional home of Britain's financial industry in the City of London and the hedge funds of Mayfair, bankers and money managers across the capital are watching the June 23 referendum on EU membership with trepidation.

Many in London, the most pro-EU place in Britain, fear a vote to leave would undermine London's position as the world's pre-eminent financial centre and damage an industry that underpins the British economy.

The London tourist industry is also concerned that a possible leave vote will jeopardise the European holiday market.

UK Prime Minister David Cameron is leading the remain campaign in the EU, while Boris Johnson, the former London mayor and Conservative Party rebel is leading the "leave" campaign with one eye on his political future as a possible prime minister.

British voters are deciding in a June 23 referendum on whether or not to leave the 28-nation European Union bloc - a move being called a "Brexit" for short.

From the international banks in the skyscrapers of Canary Wharf to the traditional home of Britain's financial industry in the City of London and the hedge funds of Mayfair, bankers and money managers across the capital are watching the June 23 referendum on EU membership with trepidation.

Many in London, the most pro-EU place in Britain, fear a vote to leave would undermine London's position as the world's pre-eminent financial centre and damage an industry that underpins the British economy.

The London tourist industry is also concerned that a possible leave vote will jeopardise the European holiday market.

UK Prime Minister David Cameron is leading the remain campaign in the EU, while Boris Johnson, the former London mayor and Conservative Party rebel is leading the "leave" campaign with one eye on his political future as a possible prime minister.

HD Rushes available in \\Source_Clips\News Rushes

London - 24 May 2016

++AERIALS++

1. London Eye in foreground, Big Ben in background, pull out to show Parliament

2. Big Ben

3. Wide of Houses of Parliament

4. Westminster Abbey

5. Wide of river with London Eye

6. London Eye from different angle

7. Boat going under Tower Bridge, London Assembly in Background

8. Tower of London

9. Boat on Thames

10. Shard building, HMS Belfast in background

11. Tilt up Shard, traffic on London Bridge

12. St Paul's Cathedral

13. Wide of City

14. Mid of Gherkin

15. Bank of England

16. Buckingham Palace

17. Close of flag on Palace, pull out

18. MI6 building

19. Tate Modern

20. Globe theatre

21. Cutty Sark

22. Wide of bend in Thames, Canary Wharf

23. Canary Wharf

24. Various of O2 Centre

25. Various of Olympic Park

Uxbridge - 24 May 2016

26. Various of green fields in Uxbridge

LEAD IN:

With the prospect of Britain voting to leave Europe in just over a week, art dealers are showing caution with big purchases.

At Art Basel in Switzerland, where works from the likes of Pollock and Picasso move in multi million dollar exchanges, experts say the mood is optimistic, but subdued.

STORY-LINE:

This large, colourful abstract painting, titled Prag 1883 is by German artist Gerhard Richter.

Available for 20-million dollars, it's been brought to northwest Switzerland by New York-based Gagosian gallery.

It's just one of the pieces on show at Art Basel, the highlight of the year for art lovers and collectors.

Mitchell-Innes & Nash, also a New York-based gallery, is showing one of the famous drip paintings by American artist, Jackson Pollock.

The white, red and green drip painting, titled Number 21, is listed for 25 million dollars.

Like always, Art Basel is a celebration of the intersection between fine contemporary art and big business.

All of the 4,000 artworks, shown by 280 galleries, are for sale.

This year the total value of the art on sale exceeds 2.5 billion euros (2.8 million US dollars), according to AXA Art - an art insurer.

But the mood is somewhat dampened by a sputtering market.

In 2015 the global art market shrunk by seven percent compared to the year before, according to the annual TEAF (The European Fine Art Fair) market report.

There were still a healthy 63.8 billion euros (71.6 billion US dollars) in sales globally, but a significant downturn from the last few boom years.

"In the beginning of 2015, the first quarter, it felt as if the art market rang the bell at the top of the market," says Todd Levin, a New York-based art advisor.

"And since then the market has begun a slow but gradual correction, or slide. It is nothing serious but certainly I think that buyers are looking a little more carefully and thoughtfully."

Slide or not, the specially invited guests were still lining up on Tuesday morning (15th June 2016) to enter the fair ahead of the press and public.

Many paintings and sculptures are for sale for tens of millions of dollars.

But still, current events and political uncertainty is creating a cautious mood, according to Levin.

"Certainly Trump and the presidential elections that are coming up. But even more so Brexit. Really. At the moment it is making people concerned enough that they are thinking twice before any large purchases are made. The pound has fallen sharply in the last week. And people, as we approach Brexit in the next 10 days are taking a very cautious approach."

The Gagosian gallery is also showing a painting by American artist, Jean-Michel Basquiat.

The graffiti style New Rinso is available for 15 million dollars.

Art dealer Dominique Levy, who has galleries in both New York and London, is showing a Richter painting called "Bonley Landscape."

The oil painting depicting a mountain scene is listed at 13 million dollars.

In the top tier of the market all seems to be going quite well.

"What we are seeing now I think is a return to quality. A race for quality rather than a race for mass consumption," says Alexander Forbes, editor of Artsy art news website.

"You see that by a lot of dealers switching back to showing some more modern art. Things that have exceptional provenance. They have a real history. Artists of real quality and of a lasting nature," he says.

The global art market is still dominated by ultra-high sales, with artworks selling for over one million accounting most of the global sales in 2015, according to the TEAF report.

New York-based dealer Helly Nahmad is showing a painting by Pablo Picasso.

The "Femme assise sur un chaise" is being offered for 25 million dollars.

Hanging next to it is a masterpiece by Henri Matisse.

"Portrait au manteau bleu" is offered by the dealer for 35-million dollars.

In the past few years abstract paintings have taken up a large part of the fair.

This has changed over the last year, according to Forbes.

"You know. We had this massive trend towards abstraction. Especially you know in 2012, 13, 14. That shifted back towards figuration in painting the past couple of years," he says.

"But right now, again, across the halls here on both floors, you don't see too much of either thing. What you really see is a focus on the highest quality works. Something that Art Basel has always been particularly strong for."

There are Art Basel fairs in Miami and Hong Kong, but it is the fair in the Swiss town of Basel, where the event was founded in 1970, that draws the most high-profile galleries and collectors.

According to the annual TEAF (The European Fine Art Fair) market report, around 40 percent of all global art sales were made at art fairs in 2015.

It shows how important fairs like the Art Basel are for dealers.

"Art Basel is the Gold Standard of art fairs in the world. There is no place better and no place more important to show," says Adam Scheffer, partner at New York based dealer Cheim & Read.

"And I think that people always bring out their A-game. They put aside the best of the best to show here because it is the centre of the art world. And galleries are the centre of the art world. And it is an opportunity for education, and acquisition and all sorts of other very important aspects that truly make you, not just a buyer of art, but a collector and a connoisseur. And that is what Art Basel offers."

Art Basel, opens to the public on June 16 and runs through to June 19.

LEAD IN:

With the prospect of Britain voting to leave Europe in just over a week, art dealers are showing caution with big purchases.

At Art Basel in Switzerland, where works from the likes of Pollock and Picasso move in multi million dollar exchanges, experts say the mood is optimistic, but subdued.

STORY-LINE:

This large, colourful abstract painting, titled Prag 1883 is by German artist Gerhard Richter.

Available for 20-million dollars, it's been brought to northwest Switzerland by New York-based Gagosian gallery.

It's just one of the pieces on show at Art Basel, the highlight of the year for art lovers and collectors.

Mitchell-Innes & Nash, also a New York-based gallery, is showing one of the famous drip paintings by American artist, Jackson Pollock.

The white, red and green drip painting, titled Number 21, is listed for 25 million dollars.

Like always, Art Basel is a celebration of the intersection between fine contemporary art and big business.

All of the 4,000 artworks, shown by 280 galleries, are for sale.

This year the total value of the art on sale exceeds 2.5 billion euros (2.8 million US dollars), according to AXA Art - an art insurer.

But the mood is somewhat dampened by a sputtering market.

In 2015 the global art market shrunk by seven percent compared to the year before, according to the annual TEAF (The European Fine Art Fair) market report.

There were still a healthy 63.8 billion euros (71.6 billion US dollars) in sales globally, but a significant downturn from the last few boom years.

"In the beginning of 2015, the first quarter, it felt as if the art market rang the bell at the top of the market," says Todd Levin, a New York-based art advisor.

"And since then the market has begun a slow but gradual correction, or slide. It is nothing serious but certainly I think that buyers are looking a little more carefully and thoughtfully."

Slide or not, the specially invited guests were still lining up on Tuesday morning (15th June 2016) to enter the fair ahead of the press and public.

Many paintings and sculptures are for sale for tens of millions of dollars.

But still, current events and political uncertainty is creating a cautious mood, according to Levin.

"Certainly Trump and the presidential elections that are coming up. But even more so Brexit. Really. At the moment it is making people concerned enough that they are thinking twice before any large purchases are made. The pound has fallen sharply in the last week. And people, as we approach Brexit in the next 10 days are taking a very cautious approach."

The Gagosian gallery is also showing a painting by American artist, Jean-Michel Basquiat.

The graffiti style New Rinso is available for 15 million dollars.

Art dealer Dominique Levy, who has galleries in both New York and London, is showing a Richter painting called "Bonley Landscape."

The oil painting depicting a mountain scene is listed at 13 million dollars.

In the top tier of the market all seems to be going quite well.

"What we are seeing now I think is a return to quality. A race for quality rather than a race for mass consumption," says Alexander Forbes, editor of Artsy art news website.

"You see that by a lot of dealers switching back to showing some more modern art. Things that have exceptional provenance. They have a real history. Artists of real quality and of a lasting nature," he says.

The global art market is still dominated by ultra-high sales, with artworks selling for over one million accounting most of the global sales in 2015, according to the TEAF report.

New York-based dealer Helly Nahmad is showing a painting by Pablo Picasso.

The "Femme assise sur un chaise" is being offered for 25 million dollars.

Hanging next to it is a masterpiece by Henri Matisse.

"Portrait au manteau bleu" is offered by the dealer for 35-million dollars.

In the past few years abstract paintings have taken up a large part of the fair.

This has changed over the last year, according to Forbes.

"You know. We had this massive trend towards abstraction. Especially you know in 2012, 13, 14. That shifted back towards figuration in painting the past couple of years," he says.

"But right now, again, across the halls here on both floors, you don't see too much of either thing. What you really see is a focus on the highest quality works. Something that Art Basel has always been particularly strong for."

There are Art Basel fairs in Miami and Hong Kong, but it is the fair in the Swiss town of Basel, where the event was founded in 1970, that draws the most high-profile galleries and collectors.

According to the annual TEAF (The European Fine Art Fair) market report, around 40 percent of all global art sales were made at art fairs in 2015.

It shows how important fairs like the Art Basel are for dealers.

"Art Basel is the Gold Standard of art fairs in the world. There is no place better and no place more important to show," says Adam Scheffer, partner at New York based dealer Cheim & Read.

"And I think that people always bring out their A-game. They put aside the best of the best to show here because it is the centre of the art world. And galleries are the centre of the art world. And it is an opportunity for education, and acquisition and all sorts of other very important aspects that truly make you, not just a buyer of art, but a collector and a connoisseur. And that is what Art Basel offers."

Art Basel, opens to the public on June 16 and runs through to June 19.

AP Television

Basel - 14 June 2016

1. Wide of "Prag 1883" by Gerhard Richter, offered for 20-million dollars

2. Various close of "Prag 1883" by Gerhard Richter, offered for 20-million dollars

3. Wide of "Mirori et Cuillere" by Juan Munoz

4. Tilt down of "Mirori et Cuillere" by Juan Munoz

5. Zoom in on "Number 21" by Jackson Pollock, offered for 25-million dollars

6. Various close of "Number 21" by Jackson Pollock, offered for 25-million dollars

7. Wide of "Number 21" by Jackson Pollock, offered for 25-million dollars

8. Exterior of Art Basel, VIP guests waiting to enter

9. Close of sign

10. Various of people entering VIP preview of Art Basel

11. People inside Art Basel halls

12. Wide of "New Rinso" by Jean-Michel Basquiat, offered for 15-million dollars

13. Various close of "New Rinso" by Jean-Michel Basquiat, offered for 15-million dollars

14. Art advisor Todd Levin speaking to woman

15. Close of Levin

16. SOUNDBITE: (English) Todd Levin, art advisor:

"In the beginning of 2015, the first quarter, it felt as if the art market rang the bell at the top of the market. And since then the market has begun a slow but gradual correction, or slide. It is nothing serious, but certainly I think that buyers are looking a little more carefully and thoughtfully."

17. People looking at "Anchorhead" statue by David Smith, offered for 7.3-million dollars

18. Various of "Anchorhead" statue by David Smith, offered for 7.3-million dollars

19. Wide of people in gallery

20. Mid of people in gallery

21. SOUNDBITE: (English) Todd Levin, art advisor:

"Certainly Trump and the presidential elections that are coming up, but even more so Brexit, really, at the moment it is making people concerned enough that they are thinking twice before any large purchases are made. The pound has fallen sharply in the last week. And people, as we approach Brexit in the next 10 days are taking a very cautious approach."

22. Woman taking photo of "OM+A" by Tony Oursler

23. Various close of "OM+A" by Tony Oursler

24. Various of "Femme assise sur un chaise" by Pablo Picasso, offered for 25-million dollars

25. Wide of "930-7 strip" by Gerhard Richter

26. Zoom out of "930-7 strip" by Gerhard Richter

27. Alexander Forbes, editor of Artsy art news website, walking next to "930-7 strip"

28. SOUNDBITE: (English) Alexander Forbes, editor of Artsy art news website:

"What we are seeing now I think is a return to quality. A race for quality rather than a race for mass consumption. You see that by a lot of dealers switching back to showing some more modern art. Things that have exceptional provenance. They have a real history. Artists of real quality and of a lasting nature."

29. Wide of "Portrait au manteau bleu" by Henri Matisse, offered for 35-million dollars

30. Various close of "Portrait au manteau bleu" by Henri Matisse, offered for 35-million dollars

31. Tilt up of sculpture

32. People at the Art Basel galleries

33. Various of people looking at "Memory Ware Flat" by Mike Kelley

34. Close pan of "Memory Ware Flat" by Mike Kelley

35. Pull focus of "Memory Ware Flat" by Mike Kelley

36. SOUNDBITE: (English) Alexander Forbes, editor of Artsy art news website:

"You know. We had this massive trend towards abstraction. Especially you know in 2012, 13, 14. That shifted back towards figuration in painting the past couple of years. But right now, again, across the halls here on both floors, you don't see too much of either thing. What you really see is a focus on the highest quality works. Something that Art Basel has always been particularly strong for."

37. Wide of "Untitled" by Joan Mitchell, offered for 5.5-million dollars

38. Various close of "Untitled" by Joan Mitchell, offered for 5.5-million dollars

39. SOUNDBITE: (English) Adam Scheffer, partner at New York based dealer Cheim & Read:

"Well, Art Basel is the Gold Standard of art fairs in the world. There is no place better and no place more important to show. And I think that people always bring out their A-game. They put aside the best of the best to show here because it is the centre of the art world. And galleries are the centre of the art world. And it is an opportunity for education, and acquisition and all sorts of other very important aspects that truly make you, not just a buyer of art, but a collector and a connoisseur. And that is what Art Basel offers."

40. Wide of "Bonley Landscape" by Gerhard Richter, offered for 13-million dollars

41. Zoom in of "Bonley Landscape" by Gerhard Richter

42. Various wide of people in Art Basel galleries

LENGTH: 7:03

Gina Miller needs to look no further than her own small investment firm to know that leaving the European Union would be bad for Britain.

She has an analyst who is Italian: would he need a visa? She has customers who are British retirees living in Spain: will they return home to keep access to health care and liquidate their euro investments? Her firm, SCM Direct, works closely with French bank Societe Generale: would that relationship continue?

"It could be terrible for the city,'' she said suggesting the impact could be similar to the 2008 financial crisis.

From the international banks in the skyscrapers of Canary Wharf to the traditional home of Britain's financial industry in the City of London and the hedge funds of Mayfair, bankers and money managers across the capital are watching the June 23 referendum on EU membership with trepidation. Many fear a vote to leave would undermine London's position as the world's pre-eminent financial center and damage an industry that underpins the British economy.

In case of a British exit, or Brexit, from the EU, US banking giant JPMorgan said last week that they would have to move staff to the continent to ensure it could continue to serve clients who want to invest there, Dimon said. Other global banks with customers in the rest of the EU would be in a similar situation.

Britain has been the gateway to the EU for many banks, brokerages and fund managers for decades. In addition to having a trusted legal system and institutions that operate in English, the language of international finance, London is in the right time zone to access most of the Earth during its working day and has a reputation for delivering top-notch financial services. The industry is also surrounded by an ecosystem of expertise, lawyers, accountants and consultants, to support it.

Some 60 percent of all European headquarters of non-EU firms are based in the U.K., according to TheCityUK, which lobbies on behalf of the financial industry. The UK hosts more headquarters of non-EU firms than Germany, France, Switzerland and the Netherlands put together.

London's advantages are such that people in favor of leaving the EU, such as Peter Hargreaves, co-founder of brokerage firm Hargreaves Lansdown, think it will retain its luster no matter what. He poured scorn on the notion that it could be easily replicated.

"In addition to the cost of building the infrastructure for a rival to the City of London one has also got to work out whether people will want to live in another financial center,'' he said. "They certainly wouldn't want to live in Paris, although Paris is a pretty city, purely because of the tax rates and in all honesty they wouldn't want to live in Frankfurt because actually there isn't even the housing there to house them. People want to live in London.''

London's financial sector has complained about a number of EU rules, such as limits on bankers' bonuses and an attempt to impose a tax on financial transactions.

Those considerations, however, are largely trumped by concerns that leaving the EU would make access to the other 27 EU countries more difficult, many analysts say.

The principle of "passporting" currently allows any firm registered in one EU country to operate in any other member state without facing another layer of regulation. It's the same principle that allows exporters to ship their goods to any EU country free of tariffs. Losing that freedom is a particular concern for the many foreign firms who use London not only as a financial hub but as an entry point into the EU.

While the UK could probably negotiate a new arrangement for trade in goods, it would be much more complicated to hammer out a deal on services, experts believe. The situation has no precedent, no country the size of the UK has ever left such an integrated economic union, so the outcome of any talks can't be predicted.

And anything that curtails Britain's financial industry has implications for the UK economy as a whole, not just the bankers who were pilloried for taking home million-pound bonuses while they fueled the global financial crisis.

The industry's importance is even more obvious in Britain's trade figures. While the country posted an overall trade deficit of 34.4 billion pounds (50 billion US dollars) in 2014, it generated a 72 billion pound surplus from exporting financial and related services.

"Uncertainty is bad news," said Vicky Pryce, an economist and former joint head of the UK government economic service.

"It will take some time for that to settle down, it will take some time for the negotiations to take place. There is a two year period during which officials and also ministers will have to sit down and try and negotiate a deal and we just don’t know whether even over that period something will come out that will be in the slightest bit beneficial for the city so a lot of uncertainty

The City of London - the square mile roughly bounded by the walls of the original Roman city - has been the financial heart of Britain since the 17th century, when merchants meeting at local coffee houses formed Lloyd's of London and the London Stock Exchange. It has survived wars, famines and fires and would likely survive any outcome from the EU vote. The question is in what form.

Jeffrey Evans, the Lord Mayor of the City of London, whose office has promoted The City as place to do business since the Magna Carta was signed in 1215, says leaving the EU in not a risk worth taking.

Speaking in an opulent drawing room that feels more like a museum, with Dutch masters lining the walls, Evans noted that leaving the EU is "a very important matter."

"This is a decision that will affect future generations," he said.

Gina Miller needs to look no further than her own small investment firm to know that leaving the European Union would be bad for Britain.

She has an analyst who is Italian: would he need a visa? She has customers who are British retirees living in Spain: will they return home to keep access to health care and liquidate their euro investments? Her firm, SCM Direct, works closely with French bank Societe Generale: would that relationship continue?

"It could be terrible for the city,'' she said suggesting the impact could be similar to the 2008 financial crisis.

From the international banks in the skyscrapers of Canary Wharf to the traditional home of Britain's financial industry in the City of London and the hedge funds of Mayfair, bankers and money managers across the capital are watching the June 23 referendum on EU membership with trepidation. Many fear a vote to leave would undermine London's position as the world's pre-eminent financial center and damage an industry that underpins the British economy.

In case of a British exit, or Brexit, from the EU, US banking giant JPMorgan said last week that they would have to move staff to the continent to ensure it could continue to serve clients who want to invest there, Dimon said. Other global banks with customers in the rest of the EU would be in a similar situation.

Britain has been the gateway to the EU for many banks, brokerages and fund managers for decades. In addition to having a trusted legal system and institutions that operate in English, the language of international finance, London is in the right time zone to access most of the Earth during its working day and has a reputation for delivering top-notch financial services. The industry is also surrounded by an ecosystem of expertise, lawyers, accountants and consultants, to support it.

Some 60 percent of all European headquarters of non-EU firms are based in the U.K., according to TheCityUK, which lobbies on behalf of the financial industry. The UK hosts more headquarters of non-EU firms than Germany, France, Switzerland and the Netherlands put together.

London's advantages are such that people in favor of leaving the EU, such as Peter Hargreaves, co-founder of brokerage firm Hargreaves Lansdown, think it will retain its luster no matter what. He poured scorn on the notion that it could be easily replicated.

"In addition to the cost of building the infrastructure for a rival to the City of London one has also got to work out whether people will want to live in another financial center,'' he said. "They certainly wouldn't want to live in Paris, although Paris is a pretty city, purely because of the tax rates and in all honesty they wouldn't want to live in Frankfurt because actually there isn't even the housing there to house them. People want to live in London.''

London's financial sector has complained about a number of EU rules, such as limits on bankers' bonuses and an attempt to impose a tax on financial transactions.

Those considerations, however, are largely trumped by concerns that leaving the EU would make access to the other 27 EU countries more difficult, many analysts say.

The principle of "passporting" currently allows any firm registered in one EU country to operate in any other member state without facing another layer of regulation. It's the same principle that allows exporters to ship their goods to any EU country free of tariffs. Losing that freedom is a particular concern for the many foreign firms who use London not only as a financial hub but as an entry point into the EU.

While the UK could probably negotiate a new arrangement for trade in goods, it would be much more complicated to hammer out a deal on services, experts believe. The situation has no precedent, no country the size of the UK has ever left such an integrated economic union, so the outcome of any talks can't be predicted.

And anything that curtails Britain's financial industry has implications for the UK economy as a whole, not just the bankers who were pilloried for taking home million-pound bonuses while they fueled the global financial crisis.

The industry's importance is even more obvious in Britain's trade figures. While the country posted an overall trade deficit of 34.4 billion pounds (50 billion US dollars) in 2014, it generated a 72 billion pound surplus from exporting financial and related services.

"Uncertainty is bad news," said Vicky Pryce, an economist and former joint head of the UK government economic service.

"It will take some time for that to settle down, it will take some time for the negotiations to take place. There is a two year period during which officials and also ministers will have to sit down and try and negotiate a deal and we just don’t know whether even over that period something will come out that will be in the slightest bit beneficial for the city so a lot of uncertainty

The City of London - the square mile roughly bounded by the walls of the original Roman city - has been the financial heart of Britain since the 17th century, when merchants meeting at local coffee houses formed Lloyd's of London and the London Stock Exchange. It has survived wars, famines and fires and would likely survive any outcome from the EU vote. The question is in what form.

Jeffrey Evans, the Lord Mayor of the City of London, whose office has promoted The City as place to do business since the Magna Carta was signed in 1215, says leaving the EU in not a risk worth taking.

Speaking in an opulent drawing room that feels more like a museum, with Dutch masters lining the walls, Evans noted that leaving the EU is "a very important matter."

"This is a decision that will affect future generations," he said.

London - 24 May 2016

1. Various aerials of Canary Wharf

London - 6 June 2016

2. Set up of Gina Miller, co-founder of wealth management company SCM Direct

3. SOUNDBITE (English) Gina Miller, co-founder of wealth management company SCM Direct:

"It could be terrible for the city because there is so much going on in the city, and we are seen as being one of the forefronts in the financial services and being a leader in that sector and if you look at all the modelling that has gone on there will definitely be a huge impact because a lot of the euro clearing happens in the UK. We have already seen that this first quarter of this year compared to last year, M and As - mergers and acquisitions - are down 39 percent, we've seen a real halt in foreign investment in the UK. If gilt markets - foreigners why would they want to buy our gilts, we could be hit in gilts we don't know what will happen with sterling. Nobody knows."

London - 24 May 2016

4. Aerial of the city

London - 22 May 2016

6. Pan of Bank of England

7. Pull focus from flowers to Bank

8. Workers and sign for Bank underground station

London - 24 May 2016

9. Set up of Jeffrey Evans, the Lord Mayor of the City of London

10. SOUNDBITE (English) Jeffrey Evans, the Lord Mayor of the City of London:

"Well, first of all it’s very important matter, it’s a, this is a decision that will affect future generations. The city of London we had, we reached a decision in March the corporation that we would take a position and that’s very strongly that we wish to remain in, it was a clear majority for that. And it’s, it’s very important the city of London is really, perhaps are most successful industry in the UK, recognises the financial, press and business services, we recogonise the importance of the EU to London and the UK."

London - 24 May 2016

11. Aerials of the city with the Shard and the Gerkhin

Bristol - 6 June 2016

12. Various of set up of Peter Hargreaves, co-founder of brokerage firm Hargreaves Lansdown

13. SOUNDBITE (English) Peter Hargreaves, co-founder of brokerage firm Hargreaves Lansdown:

"In addition to the cost of building the infrastructure for a rival to the City of London one has also got to work out whether people will want to live in another financial center. They certainly wouldn't want to live in Paris, although Paris is a pretty city, purely because of the tax rates and in all honesty they wouldn't want to live in Frankfurt because actually there isn't even the housing there to house them. People want to live in London it's got the best restaurants in the world, the best sport facilities in the world, the best theatres in the world, I mean why would anyone want to live anywhere else."

FILE: London - 22 February 2016

14. Various of trading floor and traders at GKFX brokers in London

Bristol - 1 June 2016

15. Set up Vicky Pryce, economist and former joint head of the U.K. government economic service

16. SOUNDBITE (English) Vicky Pryce, economist and former joint head of the U.K. government economic service:

"It is just possible, even if there is a 'Brexit vote', the UK we get some special allowance in terms of the way in which it operates, particularly in the service sector with the rest of Europe. But it will take some time for that to settle down, it will take some time for the negotiations to take place. There is a two year period during which officials and also ministers will have to sit down and try and negotiate a deal and we just don’t know whether even over that period something will come out that will be in the slightest bit beneficial for the city so, a lot of uncertainty. Uncertainty is bad news."

London - 24 May 2016

14. Aerials of the city

LEAD IN:

Red, pink, white, sparkling wines and a variety of other alcoholic beverages are quenching the thirsts of visitors to the Hong Kong Vinexpo.

Scotch whisky makers are still buoyant about business opportunities despite worries of Brexit (British exit from the European Union) causing a possible tax hike.

STORY-LINE:

It's a wine lover's paradise.

More than 1,300 exhibitors from all over the world are showcasing a wide range of wines and spirits to people looking for something of higher class in their glass.

The Chairman of Vinexpo, Xavier de Eizaguirre, says there is a slowdown in wine consumption in Europe and China. However he says while people are drinking less volume, they are buying more expensive bottles.

"It's really a trend, in Europe the main producing countries such as France, Italy and Spain have been consuming wines for generations. Today we see a change in terms of consumption habits. People drink less than in the past, but they drink better. So obviously that has an impact on the overall amount of wines consumed, but it's a very positive impact in terms of quality and also in terms of economics, because they drink more expensive wines than before," he says.

Scotch whisky sales remain strong and have a loyal following from consumers worldwide. But there are some concerns about sales if Britain leaves the European Union.

Scottish distillery Duncan Taylor Scotch Whisky Limited, who have almost 8 decades of experience, wants the United Kingdom to stay in Europe.

The company's chairman Euan Shand is concerned about possible tax increases and export regulations if the June 23rd vote decides the UK will leave.

Europe accounts for 40 percent of the company's market sale.

"If taxes go too high, people might not buy so much Scotch whisky, but I think deep down, Europeans have got a great palate for Scotch whisky and I can't really imagine that they're going to stop drinking it," says Shand.

This year is the 300th anniversary of Italian's famous Chianti Classico appellation. As the world's largest wine producer in 2015, Italy has harvested 49.5 million hectolitres of wine last year, according to the International Organisation of Vine and Wine.

The Italian wine company Marchesi Antinori Srl which started making wine in 1385 has its wine farms in the Chianti region, making its signature Chianti Classico wines.

The company is now expanding into in Asia, concentrating on China.

The Vice President of Marchesi Antinori SPA, Albiera Antinori says: "Our major market is still Italy, with 35 percent (sales) followed by North America, then the rest of Europe. For us, at the moment, Asia (market) is still very small, it's about 6 percent of our production. I think China will need a little bit of time to get to know Italian wines, so we just need to come here more and have the wines tasted."

The Hong Kong Vinexpo runs 24-26 May 2016

LEAD IN:

Red, pink, white, sparkling wines and a variety of other alcoholic beverages are quenching the thirsts of visitors to the Hong Kong Vinexpo.

Scotch whisky makers are still buoyant about business opportunities despite worries of Brexit (British exit from the European Union) causing a possible tax hike.

STORY-LINE:

It's a wine lover's paradise.

More than 1,300 exhibitors from all over the world are showcasing a wide range of wines and spirits to people looking for something of higher class in their glass.

The Chairman of Vinexpo, Xavier de Eizaguirre, says there is a slowdown in wine consumption in Europe and China. However he says while people are drinking less volume, they are buying more expensive bottles.

"It's really a trend, in Europe the main producing countries such as France, Italy and Spain have been consuming wines for generations. Today we see a change in terms of consumption habits. People drink less than in the past, but they drink better. So obviously that has an impact on the overall amount of wines consumed, but it's a very positive impact in terms of quality and also in terms of economics, because they drink more expensive wines than before," he says.

Scotch whisky sales remain strong and have a loyal following from consumers worldwide. But there are some concerns about sales if Britain leaves the European Union.

Scottish distillery Duncan Taylor Scotch Whisky Limited, who have almost 8 decades of experience, wants the United Kingdom to stay in Europe.

The company's chairman Euan Shand is concerned about possible tax increases and export regulations if the June 23rd vote decides the UK will leave.

Europe accounts for 40 percent of the company's market sale.

"If taxes go too high, people might not buy so much Scotch whisky, but I think deep down, Europeans have got a great palate for Scotch whisky and I can't really imagine that they're going to stop drinking it," says Shand.

This year is the 300th anniversary of Italian's famous Chianti Classico appellation. As the world's largest wine producer in 2015, Italy has harvested 49.5 million hectolitres of wine last year, according to the International Organisation of Vine and Wine.

The Italian wine company Marchesi Antinori Srl which started making wine in 1385 has its wine farms in the Chianti region, making its signature Chianti Classico wines.

The company is now expanding into in Asia, concentrating on China.

The Vice President of Marchesi Antinori SPA, Albiera Antinori says: "Our major market is still Italy, with 35 percent (sales) followed by North America, then the rest of Europe. For us, at the moment, Asia (market) is still very small, it's about 6 percent of our production. I think China will need a little bit of time to get to know Italian wines, so we just need to come here more and have the wines tasted."

The Hong Kong Vinexpo runs 24-26 May 2016

Hong Kong, 24 May 2016

1. Close of glass of different wines

2. Tilt up of rose wines (Price: US $13.4 per bottle)

3. Mid of rose wine with gold (Price: US $200 per bottle)

4. Close of bottles of wines with gold

5. Pan to right of various Italian wines

6. Mid of woman next to wine bottles in different sizes

7. Mid of visitors and wines on shelf

8. Wide of Xavier de Eizaguirre, Chairman of Vinexpo shaking and smelling wine

9. Close of Xavier de Eizaguirre, Chairman of Vinexpo tasting wine

10. SOUNDBITE (English) Xavier de Eizaguirre, Chairman of Vinexpo:

"It's really a trend, in Europe the main producing countries such as France, Italy and Spain have been consuming wines for generations. Today we see a change in terms of consumption habits. People drink less than in the past, but they drink better. So obviously that has an impact on the overall amount of wines consumed, but it's a very positive impact in terms of quality and also in terms of economics, because they drink more expensive wines than before."

11. Mid of man smelling a glass of white wine

12. Mid of Echezeaux Grand Cru wine (Left) in limited production of 2,400 bottles only (Price: US $558 per bottle) and Corton Grand Cru wine (Right) in limited production of 2,000 bottles only (Price: US$558 per bottle)

13. Wide of Meursault-Genevrieres Premier Cru wine in limited production of 900 bottles only (Price: US$1339)

14. Pan to left from Slovakian wine booth to Scotch whisky booth

15. Mid of visitors in a Scotch whisky booth

16. Tilt up of Euan Shand holding a glass of Scotch whisky

17. Close of a glass of Scotch whisky

18. SOUNDBITE (English) Euan Shand, Chairman of Duncan Taylor Scotch Whisky Limited:

"I could imagine that, Scotch whisky is sold in over 200 countries worldwide. I don't think if there's split up between Britain and Europe that people would stop drinking Scotch whisky. I think there's relationships formed over hundreds and hundreds of years, so I cannot imagine it is going to make a huge dent to Scotch whisky, but it depends on taxation. It's a fickle world out there and if taxes go too high, people might not buy so much Scotch whisky, but I think deep down, Europeans have got a great palate for Scotch whisky and I can't really imagine that they're going to stop drinking it."

19. Close of two bottles of Scotch whisky (US$78 per bottle)

20. Close of a bottle of Scotch whisky made in 1975 (US$1751)

21. Pan to right of Italian wine booths

22. Close of Italian wines

23. Wide of an Italian wine booth

24. Mid of Albiera Antinori, Vice President of Marchesi Antinori SPA pouring wine into glass

25. Close of Albiera Antinori, Vice President of Marchesi Antinori SPA tasting wine

26. SOUNDBITE (English) Albiera Antinori, Vice President of Marchesi Antinori SPA:

"Our major market is still Italy, with 35 percent (sales) followed by North America, then the rest of Europe. For us, at the moment, Asia (market) is still very small, it's about 6 percent of our production. I think China will need a little bit of time to get to know Italian wines, so we just need to come here more and have the wines tasted."

27. Wine of various Italian wines

28. Close of Castel Del Monte Aglianico wine (Left) and Primitivo Salento wine (Right)

29. Mid of visitors

30. Tilt down from chandelier to wines on shelf

31. Mid of two men tasting wine

32. Mid of a wine tasting event

33. Close of man tasting wine

34. Shift focus of wine glasses

35. Wide of visitors

The EU's Foreign Policy chief said on Tuesday that migratory issues and terrorism were completely separate issues.

Federica Mogherini made her comments at a two-day international conference on conflict mediation near Oslo.

Her remarks came as Donald Trump vowed on Monday to impose a broad ban on immigration from areas of the world with a history of terrorism.

He also suggested some Muslims in the United States were turning a blind eye to unfolding plots, as he outlined an aggressive response to the deadly attack in Orlando.

Mogherini also spoke on the importance of the EU as a diplomatic power, and praised Britain's diplomatic role within the EU, but refused to comment specifically on the upcoming EU membership referendum in the UK.

Meanwhile, Iranian Foreign Minister Mohammad Javad Zarif who is also attending the conference, urged the United States to accelerate the lifting of sanctions on the banking sector, warning that "psychological remnants" of the sanctions remain.

The EU's Foreign Policy chief said on Tuesday that migratory issues and terrorism were completely separate issues.

Federica Mogherini made her comments at a two-day international conference on conflict mediation near Oslo.

Her remarks came as Donald Trump vowed on Monday to impose a broad ban on immigration from areas of the world with a history of terrorism.

He also suggested some Muslims in the United States were turning a blind eye to unfolding plots, as he outlined an aggressive response to the deadly attack in Orlando.

Mogherini also spoke on the importance of the EU as a diplomatic power, and praised Britain's diplomatic role within the EU, but refused to comment specifically on the upcoming EU membership referendum in the UK.

Meanwhile, Iranian Foreign Minister Mohammad Javad Zarif who is also attending the conference, urged the United States to accelerate the lifting of sanctions on the banking sector, warning that "psychological remnants" of the sanctions remain.

Losby Gods - 14 June 2016

1. Various of EU Foreign Policy chief Federica Mogherini, Iranian Foreign Minister Mohammad Javad Zarif and Norwegian Foreign Minister Borge Brende arriving for news conference on the sidelines of the Oslo Forum

2. SOUNDBITE (English) Federica Mogherini, EU Foreign Policy chief:

(answering a question about her reaction to Donald Trump saying that immigration from countries with a history of terrorism should be suspended)

"So the fight against any form of terrorism inside Europe is taken extremely serious, as it is taken extremely serious our duty to properly manage the challenge of migratory and refugee flows, but we keep these issues completely separated."

3. Cutaway of audience member

4. SOUNDBITE (English) Federica Mogherini, EU Foreign Policy chief:

"We have learned over the past months and years to separate well the issues and challenges that managing a huge refugee and migratory flow put to our institutions and societies with the primary purpose of protecting people's lives and also saving lives at sea and the threats that some European citizens put to their fellow citizens in Europe."

5. Cutaway of table

6. SOUNDBITE (English) Federica Mogherini, EU Foreign Policy chief:

(about the impact of Brexit on the influence of EU diplomacy

"On the UK, I would not speculate on an 'if' but I will let, as it is natural and normal, the UK citizens make their decision before any kind of speculation on the future. But what I can say today is that the UK is contributing to a great extent to the European Union foreign and security policy. All the features of our common foreign security policy are highly determined also by the UK contributions. That is vital to us."

7. Cutaways at news conference

8. SOUNDBITE (English) Mohammad Javad Zarif, Iranian Foreign Minister:

(speaking about the lack of progress in lifting of sanctions on the Iranian banking sector)

"On the banks, I believe it is important for everybody to realise that an agreement, an international agreement will be sustainable if everybody feels that they are making gains from the agreement. We believe that JCPOA was a win-win agreement. It's implementation must also be a win-win implementation."

9. Cutaway of journalist

10. SOUNDBITE (English) Mohammad Javad Zarif, Iranian Foreign Minister:

(speaking about the lack of progress in lifting of sanctions on the Iranian banking sector)

"I believe the United States, whilst on paper it has removed all the sanctions, the psychological remnants of many years of sanctions are still there, and I believe the US needs to take a much more proactive role in removing these psychological remnants. I had a good discussion with High Representative Mogherini this morning. I will have a discussion, as I've had in the past many months with Secretary Kerry tomorrow morning, and he has stated time and again - as they did in the statement that was issued in Brussels under the leadership of Frederica Mogherini - that they are committed to implementing their part of the bargain. We need to see that in action. As they say, the proof is in the pudding."

11. End of news conference

FOR CLEAN VERSION SEE STORY NUMBER: apus057607

The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market and offering no hints of when its next rate hike might occur.

The Fed noted in a statement Wednesday after its latest policy meeting that the pace of hiring has slowed even as the overall economy has improved..

The central bank indicated that it needs a clearer picture of economic developments before raising rates again.

It noted that the housing market is improving and that the consequences of an export slowdown have lessened.

Yet it signaled its concern about the uncertainty of job growth and global economic developments.

At a news conference Wednesday, Chair Janet Yellen pointed to concern about the referendum next week in Britain over whether to leave the EU. A yes vote could roil markets, and the Fed wouldn't likely want to further unnerve investors with a rate hike just a week before that vote.

Yellen acknowledged that the looming vote contributed to the Fed's decision to leave rates unchanged.

"It was one of the factors," she said at the news conference. The Fed chair also said the vote's outcome could affect future rate decisions.

FOR CLEAN VERSION SEE STORY NUMBER: apus057607

The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market and offering no hints of when its next rate hike might occur.

The Fed noted in a statement Wednesday after its latest policy meeting that the pace of hiring has slowed even as the overall economy has improved..

The central bank indicated that it needs a clearer picture of economic developments before raising rates again.

It noted that the housing market is improving and that the consequences of an export slowdown have lessened.

Yet it signaled its concern about the uncertainty of job growth and global economic developments.

At a news conference Wednesday, Chair Janet Yellen pointed to concern about the referendum next week in Britain over whether to leave the EU. A yes vote could roil markets, and the Fed wouldn't likely want to further unnerve investors with a rate hike just a week before that vote.

Yellen acknowledged that the looming vote contributed to the Fed's decision to leave rates unchanged.

"It was one of the factors," she said at the news conference. The Fed chair also said the vote's outcome could affect future rate decisions.

AP TELEVISION

Washington DC - 15 June 2016

1. SOUNDBITE: (English) Janet Yellen, Federal Reserve Chair:

"Today the Federal Open Market Committee maintained a target rate for the federal funds rate at one-quarter to one-half percent. This accommodative policy should support further progress toward our statutory objectives of maximum employment and price stability. Based on the economic outlook, the committee continues to anticipate that gradual increases in the federal funds rate over time are likely to be consistent with achieving and maintaining our objectives."

++SEPARATED BY WHITE FLASH+++

2. SOUNDBITE: (English) Janet Yellen, Federal Reserve Chair:

"However, recent economic indicators have been mixed, suggesting that our cautious approach to adjusting monetary policy remains appropriate. As always, our policy is not on a pre-set course, and if the economic outlook shifts, the appropriate path of policy will shift correspondingly."

++SEPARATED BY WHITE FLASH+++

3. SOUNDBITE: (English) Janet Yellen, Federal Reserve Chair:

"Brexit, the upcoming U.K. decision on whether or not to leave the European Union, is something we've discussed. And I think it's fair to say that it was one of the factors that factored into today's decisions. Clearly, this is a very important decision for the United Kingdom and for Europe. It is a decision that could have consequences for economic and financial conditions in global financial markets. If it does so, it could have consequences, in turn, for the U.S. economic outlook that would be a factor in deciding on the appropriate path of policy."

Rob Warnock is a proud British farmer and the son of a proud British farmer. One day, he hopes to be the father of a proud British farmer, too.

He's also a European Union farmer, but that is not a legacy Warnock wants to pass on to his 6-year-old son.

The 44-year-old plans to vote this week for Britain to leave the EU, even though he knows it will cost his struggling dairy business dear.

Many British farmers feel the same emotional tug. But while their hearts tell them to leave, their heads urge caution. The EU is helping farmers stay afloat at a time when many are struggling.

The benefits of membership in the 28-nation EU may seem intangible to many Britons, who view it as a distant body of Byzantine bureaucracy and obscure regulations.

But farmers know exactly how much they get from the bloc. In Warnock's case it's about 40-thousand pounds (60-thousand US dollars) a year - his share of the subsidy millions of farmers across the continent receive under the EU's Common Agricultural Policy.

"Well I think the EU really holds us back as a nation. Our milk prices, which have been documented, are very low in the UK," he says.

"And I just feel that we can make our own trade deals outside the EU with other countries around the world which I think long term will benefit all the farmers in the country."

He desperately needs things to improve. The price of milk has been plunging for more than two years, hit by what Warnock calls a "perfect storm" of factors, including Russia's ban on EU imports, Chinese stockpiling of powdered milk and production increases in other EU countries.

That is disastrous for Warnock, who tends 450 dairy cows and grows barley and wheat on 650 acres (263 hectares) perched above the English Channel on Britain's south coast.

Warnock's father Jim is not so sure. He intends to vote "remain," worried the subsidies will disappear.

"I know they are saying at the moment if there is a change then we will still get it," he said. "But knowing politicians and knowing the pressure they are going to be under..."

"Leave" campaigners have vowed that the British government will step in to support farmers if the country leaves the EU. The "remain" camp says the pledge is unrealistic: the "leave" side has also promised to boost funding for the health service, maintain defence spending and much more, at a time when the government is committed to cutting public-sector spending.

Farmers have a long list of complaints about the EU, from its complex paperwork to its environmental regulations, which limit which fertilizers and pesticides they can use.

British governments in recent decades have taken a comparatively laissez-faire attitude to agriculture, reluctant to shield domestic producers from international competition.

It's a different story across the Channel in France, where agriculture accounts for a bigger slice of the economy and looms larger in the national consciousness. Militant French farmers regularly stage protests - blocking roads, dumping manure and even herding sheep in the Louvre museum to demand more support from the government.

The National Farmers Union has come out broadly pro-remain, but understands that the community is split.

"Our council met in April, discussed at great length the issues, very good debate, and they came up with the line that basically, on the balance of probabilities as we know it, at the moment farmers are best served to remain within the EU. However individual businesses may differ from that line," says Matt Ware, Head of Government and Parliamentary affairs of the National Farmers Union.

Back on the farm Warnock believes the years of ups and downs have made British farmers resilient. He describes himself as a "passionate dairy farmer" - but worries that if something doesn't change soon, passion may not be enough.

Two decades ago there were more than 35-thousand dairy farmers in Britain.

Today there are only about 10-thousand, and the NFU has estimated that 10 to 20 per cent could go out of business by the end of 2016.

Rob Warnock is a proud British farmer and the son of a proud British farmer. One day, he hopes to be the father of a proud British farmer, too.

He's also a European Union farmer, but that is not a legacy Warnock wants to pass on to his 6-year-old son.

The 44-year-old plans to vote this week for Britain to leave the EU, even though he knows it will cost his struggling dairy business dear.

Many British farmers feel the same emotional tug. But while their hearts tell them to leave, their heads urge caution. The EU is helping farmers stay afloat at a time when many are struggling.

The benefits of membership in the 28-nation EU may seem intangible to many Britons, who view it as a distant body of Byzantine bureaucracy and obscure regulations.

But farmers know exactly how much they get from the bloc. In Warnock's case it's about 40-thousand pounds (60-thousand US dollars) a year - his share of the subsidy millions of farmers across the continent receive under the EU's Common Agricultural Policy.

"Well I think the EU really holds us back as a nation. Our milk prices, which have been documented, are very low in the UK," he says.

"And I just feel that we can make our own trade deals outside the EU with other countries around the world which I think long term will benefit all the farmers in the country."

He desperately needs things to improve. The price of milk has been plunging for more than two years, hit by what Warnock calls a "perfect storm" of factors, including Russia's ban on EU imports, Chinese stockpiling of powdered milk and production increases in other EU countries.

That is disastrous for Warnock, who tends 450 dairy cows and grows barley and wheat on 650 acres (263 hectares) perched above the English Channel on Britain's south coast.

Warnock's father Jim is not so sure. He intends to vote "remain," worried the subsidies will disappear.

"I know they are saying at the moment if there is a change then we will still get it," he said. "But knowing politicians and knowing the pressure they are going to be under..."

"Leave" campaigners have vowed that the British government will step in to support farmers if the country leaves the EU. The "remain" camp says the pledge is unrealistic: the "leave" side has also promised to boost funding for the health service, maintain defence spending and much more, at a time when the government is committed to cutting public-sector spending.

Farmers have a long list of complaints about the EU, from its complex paperwork to its environmental regulations, which limit which fertilizers and pesticides they can use.

British governments in recent decades have taken a comparatively laissez-faire attitude to agriculture, reluctant to shield domestic producers from international competition.

It's a different story across the Channel in France, where agriculture accounts for a bigger slice of the economy and looms larger in the national consciousness. Militant French farmers regularly stage protests - blocking roads, dumping manure and even herding sheep in the Louvre museum to demand more support from the government.

The National Farmers Union has come out broadly pro-remain, but understands that the community is split.

"Our council met in April, discussed at great length the issues, very good debate, and they came up with the line that basically, on the balance of probabilities as we know it, at the moment farmers are best served to remain within the EU. However individual businesses may differ from that line," says Matt Ware, Head of Government and Parliamentary affairs of the National Farmers Union.

Back on the farm Warnock believes the years of ups and downs have made British farmers resilient. He describes himself as a "passionate dairy farmer" - but worries that if something doesn't change soon, passion may not be enough.

Two decades ago there were more than 35-thousand dairy farmers in Britain.

Today there are only about 10-thousand, and the NFU has estimated that 10 to 20 per cent could go out of business by the end of 2016.

Folkestone, UK - 16 June, 2016

1. Various of cows being milked

2. Farmer Rob Warnock milking cow

3. Milk bottle being filled

4. Various of farmer Rob Warnock milking cow

5. Will Warnock, brother of Rob, by cows

6. Various of farmer Rob Warnock walking with cows in field

7. SOUNDBITE (English): Rob Warnock, farmer

"Well I think the EU really holds us back as a nation. Our milk prices, which have been documented, are very low in the UK. And I just feel that we can make our own trade deals outside the EU with other countries around the world which I think long term will benefit all the farmers in the country."

8. Cows

9. SOUNDBITE (English): Rob Warnock, farmer

"That subsidy currently to our own business is not going to mean the difference to whether we survive or go out of business. It's equivalent to a couple of pence a metre on our milk cheque."

10. Farmhouse and sheep

11. Farmer Rob Warnock and his father Jim Warnock, also a farmer

12. Sheep in field

13. SOUNDBITE (English): Jim Warnock, farmer, father of Rob

"From a farming point of view the pot of money that we get each year, you know, to keep the whole farming system going could very well go. I know they are saying at the moment if there is a change then we will still get it. But knowing politicians and knowing the pressure they are going to be under."

14. Various of tractor being driven in field

London, UK - 16 June, 2016

15. Set up of Matt Ware, Head of Government and Parliamentary affairs, National Farmers Union (NFU)

16. SOUNDBITE (English): Matt Ware, Head of Government and Parliamentary affairs, National Farmers Union

"The NFU represents farmers and growers from across the country and we represent a huge range of growers, and huge range of views and businesses so we reflect that in our view. Our council met in April, discussed at great length the issues, very good debate and they came up with the line that basically, on the balance of probabilities as we know it, at the moment farmers are best served to remain within the EU. However individual businesses may differ from that line."

17. Cutaway

18. SOUNDBITE (English): Matt Ware, Head of Government and Parliamentary affairs, National Farmers Union

"The agriculture community reflects the wider community, people have there own personal views, but our job is to inform them on how it will impact on agricultural issues, and to be there to look after their best interests."

19. Cutaway

SHOTLIST:

AP TELEVISION - AP CLIENTS ONLY

Hengoed, Wales - 29 June 2016

1. Various of abandoned coal mine

2. Miner Eddie Cullen walking his dog

3. SOUNDBITE (English) Eddie Cullen, Miner: (transcript below)

4. Various of abandoned coal mine

5. SOUNDBITE (English) Eddie Cullen, Miner: (transcript below)

AP TELEVISION - AP CLIENTS ONLY

Near Brynmawr, Wales - 30 June 2016

6. Various of road sign indicating EU financing for the motorway

AP TELEVISION - AP CLIENTS ONLY

Ebbw Vale, Wales - 30 June 2016

7. Various of new college partially financed by the EU

8. New recreational center partially financed by the EU

9. SOUNDBITE (English) Paul Thomas, Occupational Therapist: (transcript below)

10. Various exteriors of new college financed by the EU

AP TELEVISION - AP CLIENTS ONLY

Near Brynmawr, Wales - 30 June 2016

11. Street in center town with "Vote Leave" sign

12. Close-up Welsh flag

AP TELEVISION - AP CLIENTS ONLY

Cardiff, Wales - 29 June 2016

13. Various of Ed Poole working at his desk

14. SOUNDBITE (English) Ed Poole, Lecturer in Politics and International relations at Cardiff University: (transcript below)

15. Books

16. Tilt down from Ceiling of the Welsh assembly to Welsh conservative leader Andrew RT Davies

17. SOUNDBITE (English) Andrew RT Davies, Welsh Conservative Leader: (transcript below)

AP TELEVISION - AP CLIENTS ONLY

Merthyr Tydfil, Wales - 30 June 2016

18. Various of open-pit mine and surrounding landscape

STORYLINE:

IT'S BEEN 25 YEARS SINCE THE PENALLTA MINE FELL SILENT…THE RIVER, ONCE BLACK WITH SOOT, IS NOW GREEN AND NATURE HAS TAKEN BACK ITS PLACE IN THIS VALLEY IN SOUTH WALES.

SOUNDBITE (English) Eddie Cullen, Miner:

"At first, everyone was frightened when the pit shut but life has got to go on and we've still done well. There has been a lot of unemployment in Wales, but we've just got to travel further for the work, like me."

WITH DIRE POVERTY AND HIGH UNEMPLOYMENT RATES, SOUTH WALES RECEIVES NEARLY $333 MILLION DOLLARS A YEAR FROM THE EUROPEAN UNION TO BRING NEW OPPORTUNITIES AND HOPE TO THE VALLEYS REGION.

BUT NONE OF THAT IMPRESSES CULLEN WHO VOTED "LEAVE" IN THE RECENT REFERENDUM ON EU MEMBERSHIP.

SOUNDBITE (English) Eddie Cullen, Miner:

"I think everybody has just had enough, you know? They want their identity back as a country you know, rather than being run by people from outside the country."

THE MODERN HIGHWAY CONNECTING BRYNMAWR WITH OTHER FORMER COAL-MINING TOWNS WAS PARTLY FUNDED BY THE EUROPEAN UNION, REPLACING A THREE-LANE ROAD KNOWN FOR ITS MANY DEADLY ACCIDENTS.

IN EBBW VALE, WHERE 62 PERCENT VOTED OUT, EU FUNDS HAVE ALSO BEEN USED TO IMPROVE RAILWAY LINES, OPEN MUSEUMS, HOSPITALS, SCHOOLS AND ADULT TRAINING CENTERS…

SOUNDBITE (English) Paul Thomas, Occupational Therapist:

"My dad worked at the steelwork, he used to come home and tell us kids that he would have to use a push bike to go from one end of the factory to the other end of the factory. Sadly it's gone now, but with the EU funding we've got the leisure center now, we've got the college, we've got the school, we've got the hospital. It was going to be more development but we don't know what's going to happen now."

DESPITE RECEIVING MORE MONEY FROM THE EU THAN IT CONTRIBUTES, OVER HALF OF THE WELSH ELECTORATE VOTED FOR BRITAIN TO LEAVE THE EU.

PUZZLING MANY ANALYSTS, THE "LEAVE" VOTE WAS STRONGEST IN DEPRIVED POST-INDUSTRIAL AREAS THAT HAVE ARGUABLY BENEFITED THE MOST FROM EU SUPPORT.

SOUNDBITE (English) Ed Poole, Lecturer in Politics and International relations at Cardiff University:

"I'd say that unfortunately, in the long term, Wales might have shot itself in the foot on an economic basis."

"LEAVE" CAMPAIGNERS SAY MANY EU PROJECTS ARE GIMMICKY AND THAT THE EU MONEY SPENT HERE WAS BRITISH MONEY TO BEGIN WITH, SINCE OVERALL BRITAIN CONTRIBUTES MORE MONEY THAN IT GETS BACK FROM THE EU.

SOUNDBITE (English) Andrew RT Davies, Welsh Conservative Leader:

"Very often, these schemes will seem to be managed by elites and ultimately not delivering for the communities that were supposed to benefit, and so people actually use the opportunity of the referendum to say 'Wow, stop the car, I want to get out, the way this car is driven, we're going to hit a brick wall.'"

THE MEN AND WOMEN OF WALES ARE NO STRANGERS TO UNCERTAINTY, BUT THEY ARE NOW HOPING FOR A MORE PROSPEROUS FUTURE OUTSIDE THE EUROPEAN UNION.

DAVID KEYTON, FOR THE ASSOCIATED PRESS IN THE VALLEYS REGIONS OF SOUTH WALES.

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With marching bands and all groups of society out in strength, Norway celebrates Constitution Day, taking pride in its sovereignty.

The small Scandinavian country's independence was hard won, having been ruled by Denmark for more than 400 years, and then by Sweden for nearly another century.

For some people, the experience of having been ruled from afar can explain Norway's reluctance to embrace the European Union project.

"We are on the edge of Europe and we know what it means to be governed from abroad," says Hans Petter Bergseth who is marching with friends from his skiing club. "I think it's deep in our soul that we want to be independent."

But whilst Norway has twice rejected EU membership in referendums in 1972 and 1994, the nation relies on a close relationship with Brussels. Seventy to 80 percent of all Norwegian exports go to the EU markets and cooperation is viewed as essential in the areas of education, research and many more.

Access to the EU's single market comes at a price.

Norway has signed up the European Economic Area (EEA) agreement, and therefore had to implement more than three quarters of all EU laws with no formal influence on how they are drafted.

More importantly, Norway has had to agree to four EU-style freedoms: free movement of goods, services, people and capital.

Today, Norway has more EU migrants per person than Britain. More than 300,000 EU nationals live here, mostly people from Poland and Sweden attracted by the prospects of high-paid jobs and a generous welfare state.

For many companies, this influx of foreign workers has been beneficial. In the small fishing village of Skjervoy several hours north of Tromso, a salmon processing plant has become dependent on foreign workers.

"We don't have enough Norwegian workers who want to work in the fish industry," explains plant manager Tore Pedersen.

Many of these foreign workers are from Romania, like Christian, who arrived nearly four years ago after growing tired of poorly paid jobs in Italy.

"I'm travelling with a Romanian passport, I've had no problem," he explains.

This factory processes 365 tons of fish per day: salmon fillets and whole fish destined for restaurants and dining tables across Europe. It's the main employer in the village, and managers say the business would not be able to grow without foreign workers willing to work the assembly lines.

Here, most workers are unionised and Pedersen says foreign workers are paid the same as Norwegians. Something the unions dispute.

Across the fishing industry, construction industry, hotel and restaurants, they report cases of employers using foreign workers that are not unionized and therefore don't benefit from the collective bargaining agreements that guarantee a minimum wage and regulated working conditions.

"If they don't know the system, they work up to 12 hours," complains union leader Gunn Paulsen, who was picketing a hotel during a four-week long strike across the Norwegian hotel industry calling for better pay. "They ruin it for the next (person) who's coming in, the Norwegians coming in who know the regulations."

Whilst many large hotel groups are unionized, smaller or independent ones without a protection are free to pay their staff whatever they wish. "However low they get in Norway they get higher than in other countries," said Paulsen.

For Professor Bjorn Hersoug from the Arctic University of Tromso, companies that seek to get around ordinary labour conditions by outsourcing the hiring for foreign workers represent a threat to the Norwegian model that balances free markets with a strong social welfare state.

"There is a fear of labour dumping," says Hersoug. "In some instances, it looks like they have working conditions that are considerably worse than agreed through the ordinary agreements for minimum wages for example."

But despite the challenges brought by the EEA agreement, cooperation with the EU and access to the single market remains essential for Norway.

"The EEA agreement is something I would call a corner stone in the Norwegian economy," says Elisabeth Aspaker, the Norwegian Minister of the EEA and EU Affairs.

"We have to face the reality that the EU is our most important market," she says. "We do need cooperation when it comes to research, education, and in many other aspects."

With marching bands and all groups of society out in strength, Norway celebrates Constitution Day, taking pride in its sovereignty.

The small Scandinavian country's independence was hard won, having been ruled by Denmark for more than 400 years, and then by Sweden for nearly another century.

For some people, the experience of having been ruled from afar can explain Norway's reluctance to embrace the European Union project.

"We are on the edge of Europe and we know what it means to be governed from abroad," says Hans Petter Bergseth who is marching with friends from his skiing club. "I think it's deep in our soul that we want to be independent."

But whilst Norway has twice rejected EU membership in referendums in 1972 and 1994, the nation relies on a close relationship with Brussels. Seventy to 80 percent of all Norwegian exports go to the EU markets and cooperation is viewed as essential in the areas of education, research and many more.

Access to the EU's single market comes at a price.

Norway has signed up the European Economic Area (EEA) agreement, and therefore had to implement more than three quarters of all EU laws with no formal influence on how they are drafted.

More importantly, Norway has had to agree to four EU-style freedoms: free movement of goods, services, people and capital.

Today, Norway has more EU migrants per person than Britain. More than 300,000 EU nationals live here, mostly people from Poland and Sweden attracted by the prospects of high-paid jobs and a generous welfare state.

For many companies, this influx of foreign workers has been beneficial. In the small fishing village of Skjervoy several hours north of Tromso, a salmon processing plant has become dependent on foreign workers.

"We don't have enough Norwegian workers who want to work in the fish industry," explains plant manager Tore Pedersen.

Many of these foreign workers are from Romania, like Christian, who arrived nearly four years ago after growing tired of poorly paid jobs in Italy.

"I'm travelling with a Romanian passport, I've had no problem," he explains.

This factory processes 365 tons of fish per day: salmon fillets and whole fish destined for restaurants and dining tables across Europe. It's the main employer in the village, and managers say the business would not be able to grow without foreign workers willing to work the assembly lines.

Here, most workers are unionised and Pedersen says foreign workers are paid the same as Norwegians. Something the unions dispute.

Across the fishing industry, construction industry, hotel and restaurants, they report cases of employers using foreign workers that are not unionized and therefore don't benefit from the collective bargaining agreements that guarantee a minimum wage and regulated working conditions.

"If they don't know the system, they work up to 12 hours," complains union leader Gunn Paulsen, who was picketing a hotel during a four-week long strike across the Norwegian hotel industry calling for better pay. "They ruin it for the next (person) who's coming in, the Norwegians coming in who know the regulations."

Whilst many large hotel groups are unionized, smaller or independent ones without a protection are free to pay their staff whatever they wish. "However low they get in Norway they get higher than in other countries," said Paulsen.

For Professor Bjorn Hersoug from the Arctic University of Tromso, companies that seek to get around ordinary labour conditions by outsourcing the hiring for foreign workers represent a threat to the Norwegian model that balances free markets with a strong social welfare state.

"There is a fear of labour dumping," says Hersoug. "In some instances, it looks like they have working conditions that are considerably worse than agreed through the ordinary agreements for minimum wages for example."

But despite the challenges brought by the EEA agreement, cooperation with the EU and access to the single market remains essential for Norway.

"The EEA agreement is something I would call a corner stone in the Norwegian economy," says Elisabeth Aspaker, the Norwegian Minister of the EEA and EU Affairs.

"We have to face the reality that the EU is our most important market," she says. "We do need cooperation when it comes to research, education, and in many other aspects."

AP TELEVISION

Tromso - 17 May 2016

1. Various of Constitution Day parade

2. SOUNDBITE (English) Hans Petter Bergseth, 53-year-old medical adviser:

"Well, it's a young nation. Quite a proud nation. We are on the edge of Europe and we know what it means to be governed from abroad or we know what it means to be governed by larger countries. So I think it's deep in our soul that we want to be independent pretty much yes."

3. Various of Constitution Day parade

AP TELEVISION

Skjervoy - 18 May 2016

4. Various of Skjervoy harbour

5. Various exteriors of salmon processing plant

6. SOUNDBITE (English) Tore Pedersen, Fish processing plant manager:

"We have 180 people working here at Skjervoy and 60 percent of the workers are from other countries. It's a fact that we don't have enough Norwegian workers who want to work in the fish industry, so we need people from other countries to come and work at Skjervoy."

7. Christian in front of the processing plant

8. SOUNDBITE (English) Christian, No last Name given, factory worker from Romania:

"My name is Christian and I come from Romania. I've been here for four years - almost four years. I'm travelling with a Romanian passport, I've don't have any problems with travel. We don't need a visa or something like that - it's very easy to come here from Romania. It's a nice country to come to."

9. Various of filleting assembly line

10. Various of salmon packaging line

11. Various of salmon slaughter room

AP TELEVISION

Tromso - 17 May, 2016

12. Various of Tromso seen from onboard a boat in the fjord

AP TELEVISION

Tromso - 20 May, 2016

13. Various of local hotel staff on strike

14. SOUNDBITE (English) Gunn Paulsen, Union Leader:

"Before the oil strikes (meaning the fall in oil prices) it has been good for Norway because you had to have people working here, but then it started what we call in Norway the 'Monkey business' - that they started to pay lower to the people from other places, because they accept it, because however low they get in Norway they get higher than in other countries. So this is the bad thing."

15. Cutaway

16. SOUNDBITE (English) Gunn Paulsen, Union Leader:

"If they don't know the system, they work up to 12 hours. It's not nice because they ruin it for the next (person) who's coming in, the Norwegians coming in who know the regulations - but you can't say anything to the others working like this, because it's okay, they've always been doing this."

AP TELEVISION

Tromso - 19 May, 2016

17. Various of Tromso harbour

18. Professor Bjorn Hersoug walking along harbour seafront

19. SOUNDBITE (English) Prof. Bjorn Hersoug, Arctic University of Tromso:

"You know, seen from the Norwegian point of view, if you can get around the ordinary salary conditions, the labour conditions by hiring a company from, for example, from Poland, and you make a deal with this Polish company where they provide you with the labour which is unorganised (non-unionized) then you are getting around the rules. You can legally pay them less, but that kind of undermines the whole Norwegian model in the longer run."

20. Cutaway

21. SOUNDBITE (English) Prof. Bjorn Hersoug, Arctic University of Tromso

"We see that we have a number of people coming from the European Union countries and in some instances it looks like they have working conditions that are considerably worse than agreed through the ordinary Norwegian agreements for minimum wages for example. So there is kind of a fear of labour dumping."

AP TELEVISION

Tromso, Norway - 17 MAY 2016

22. Various of Tromso seen from onboard a boat in the fjord

AP TELEVISION

Brussels, Belgium - 25 MAY 2016

23. Various of EU flags

24. SOUNDBITE (English) Elisabeth Aspaker, Minister of the EEA and EU Affairs:

"I think Norway is in a very special situation. We have this huge fortune in our oil, we have developed a solid welfare state and people think 'we can do by ourselves' or 'we can go on alone.' But in another way, we have to face the reality that the EU is our most important market, up to 70 or 80 percent of all the exported goods from Norway go to the EU market, and we do need cooperation when it comes to research, education, and in many other aspects. These days it's about migration, it's about security policy. So the EEA agreement is something I would call a corner stone in the Norwegian economy and if you go to the Parliament today, they will be a solid majority for the agreement although we are not a member of the EU."

32. Various of Norway House in Brussels

FOR CLEAN VERSION SEE STORY NUMBER: apus053388

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.

The hope is that stronger growth can boost long-stagnant wages and combat a rising backlash against globalization.

The finance leaders said they will use all the policy tools available to them to promote "strong, sustainable, inclusive, job-rich and more balanced global growth."

The IMF called for a three-pronged approach including monetary, fiscal and structural actions to avert recession risks.

The commitment came in a joint statement from the policy-setting panel of the 189-nation International Monetary Fund at the end of its spring meeting in Washington.

Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF's communique cited a long list of threats, from terrorist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union.

"Against this backdrop, it is important to buttress confidence in our policies," the IMF said.

The IMF discussions followed two days of talks among finance officials of the Group of 20 major economies. Representing the United States were Treasury Secretary Jacob Lew and Federal Reserve Chair Janet Yellen.

The concern about economic growth was heightened at the beginning of this year by tumult in financial markets. Investors feared that China's economy, the world's second biggest, was slowing more than expected, raising the possibility of a global recession.

Agustin Carstens, the head of the Bank of Mexico and chairman of the IMF's policy panel, said finance leaders realized "there was no room for complacency" even though markets have stabilized.

Many nations buffeted by the forces of globalization have lost jobs and workers' wages have stagnated. In the United States, this anger has propelled the presidential candidacy of Republican front-runner Donald Trump. In Britain, voters will decide in June whether to leave the European Union.

The finance leaders said they believed their actions would help stimulate growth and boost jobs and wages. But they acknowledged there was no time to waste in producing results.

"Clearly the question is how much is going to get done back home," IMF Managing Director Christine Lagarde said.

The IMF this past week downgraded its outlook for the economy this year and cited risks that could make things worse: conflict in the Middle East, the refugee crisis in Europe, Britain's possible exit from the EU, and the growing political backlash in the United States and Europe against international trade.

FOR CLEAN VERSION SEE STORY NUMBER: apus053388

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.

The hope is that stronger growth can boost long-stagnant wages and combat a rising backlash against globalization.

The finance leaders said they will use all the policy tools available to them to promote "strong, sustainable, inclusive, job-rich and more balanced global growth."

The IMF called for a three-pronged approach including monetary, fiscal and structural actions to avert recession risks.

The commitment came in a joint statement from the policy-setting panel of the 189-nation International Monetary Fund at the end of its spring meeting in Washington.

Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF's communique cited a long list of threats, from terrorist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union.

"Against this backdrop, it is important to buttress confidence in our policies," the IMF said.

The IMF discussions followed two days of talks among finance officials of the Group of 20 major economies. Representing the United States were Treasury Secretary Jacob Lew and Federal Reserve Chair Janet Yellen.

The concern about economic growth was heightened at the beginning of this year by tumult in financial markets. Investors feared that China's economy, the world's second biggest, was slowing more than expected, raising the possibility of a global recession.

Agustin Carstens, the head of the Bank of Mexico and chairman of the IMF's policy panel, said finance leaders realized "there was no room for complacency" even though markets have stabilized.

Many nations buffeted by the forces of globalization have lost jobs and workers' wages have stagnated. In the United States, this anger has propelled the presidential candidacy of Republican front-runner Donald Trump. In Britain, voters will decide in June whether to leave the European Union.

The finance leaders said they believed their actions would help stimulate growth and boost jobs and wages. But they acknowledged there was no time to waste in producing results.

"Clearly the question is how much is going to get done back home," IMF Managing Director Christine Lagarde said.

The IMF this past week downgraded its outlook for the economy this year and cited risks that could make things worse: conflict in the Middle East, the refugee crisis in Europe, Britain's possible exit from the EU, and the growing political backlash in the United States and Europe against international trade.

Washington, DC - 16 April 2016

++SOUNDBITES SEPARATED BY WHITE FLASHES++

1. SOUNDBITE (English) Agustin Carstens, Chairman of IMF Policy Panel

"As you see from the communique, we agreed the global recovery is continuing, but expansion is modest. There has been some improvement in the past month, but financial market volatility and risk aversion are rising amid questions of medium-term global growth prospects. The situation may ultimately weigh on sentiment, which is why we must implement mutually reinforcing policies to boost global growth and strengthen financial stability."

2. SOUNDBITE (English) Agustin Carstens, Chairman of IMF Policy Panel

"There was a consensus there is no room for complacency, and ahead of us, we still have important challenges."

3. SOUNDBITE (English) Christine Lagarde, IMF Managing Director

"I think your observation is correct. There was not the same level of anxiety, but I think there was an equal level of concern, but a collective endeavor to identify the solution and the responses to the global economic situation."

4. SOUNDBITE (English) Christine Lagarde, IMF Managing Director

"Now, clearly the question is how much is going to get done back home when they return? How much political force will that require and will they exercise it. It's a matter that we will measure, we will score, and we will come back to them and tell them how much they accomplished."

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.

The hope is that stronger growth can boost long-stagnant wages and combat a rising backlash against globalization.

The finance leaders said they will use all the policy tools available to them to promote "strong, sustainable, inclusive, job-rich and more balanced global growth."

The International Monetary Fund called for a three-pronged approach including monetary, fiscal and structural actions to avert recession risks.

The commitment came in a joint statement from the policy-setting panel of the 189-nation International Monetary Fund at the end of its spring meeting in Washington.

Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF's communique cited a long list of threats, from terrorist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union.

"Against this backdrop, it is important to buttress confidence in our policies," the IMF said.

The IMF discussions followed two days of talks among finance officials of the Group of 20 major economies. Representing the United States were Treasury Secretary Jacob Lew and Federal Reserve Chair Janet Yellen.

The concern about economic growth was heightened at the beginning of this year by tumult in financial markets. Investors feared that China's economy, the world's second biggest, was slowing more than expected, raising the possibility of a global recession.

Agustin Carstens, the head of the Bank of Mexico and chairman of the IMF's policy panel, said finance leaders realized "there was no room for complacency" even though markets have stabilized.

Many nations buffeted by the forces of globalization have lost jobs and workers' wages have stagnated. In the United States, this anger has propelled the presidential candidacy of Republican front-runner Donald Trump. In Britain, voters will decide in June whether to leave the European Union.

The finance leaders said they believed their actions would help stimulate growth and boost jobs and wages. But they acknowledged there was no time to waste in producing results.

"Clearly the question is how much is going to get done back home," IMF Managing Director Christine Lagarde said.

The IMF this past week downgraded its outlook for the economy this year and cited risks that could make things worse: conflict in the Middle East, the refugee crisis in Europe, Britain's possible exit from the EU, and the growing political backlash in the United States and Europe against international trade.

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.

The hope is that stronger growth can boost long-stagnant wages and combat a rising backlash against globalization.

The finance leaders said they will use all the policy tools available to them to promote "strong, sustainable, inclusive, job-rich and more balanced global growth."

The International Monetary Fund called for a three-pronged approach including monetary, fiscal and structural actions to avert recession risks.

The commitment came in a joint statement from the policy-setting panel of the 189-nation International Monetary Fund at the end of its spring meeting in Washington.

Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF's communique cited a long list of threats, from terrorist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union.

"Against this backdrop, it is important to buttress confidence in our policies," the IMF said.

The IMF discussions followed two days of talks among finance officials of the Group of 20 major economies. Representing the United States were Treasury Secretary Jacob Lew and Federal Reserve Chair Janet Yellen.

The concern about economic growth was heightened at the beginning of this year by tumult in financial markets. Investors feared that China's economy, the world's second biggest, was slowing more than expected, raising the possibility of a global recession.

Agustin Carstens, the head of the Bank of Mexico and chairman of the IMF's policy panel, said finance leaders realized "there was no room for complacency" even though markets have stabilized.

Many nations buffeted by the forces of globalization have lost jobs and workers' wages have stagnated. In the United States, this anger has propelled the presidential candidacy of Republican front-runner Donald Trump. In Britain, voters will decide in June whether to leave the European Union.

The finance leaders said they believed their actions would help stimulate growth and boost jobs and wages. But they acknowledged there was no time to waste in producing results.

"Clearly the question is how much is going to get done back home," IMF Managing Director Christine Lagarde said.

The IMF this past week downgraded its outlook for the economy this year and cited risks that could make things worse: conflict in the Middle East, the refugee crisis in Europe, Britain's possible exit from the EU, and the growing political backlash in the United States and Europe against international trade.

Washington, DC - 16 April 2016

1. Panel members walks toward seats

2. SOUNDBITE (English) Agustin Carstens, Chairman of IMF Policy Panel

"As you see from the communique, we agreed the global recovery is continuing, but expansion is modest. There has been some improvement in the past month, but financial market volatility and risk aversion are rising amid questions of medium-term global growth prospects. The situation may ultimately weigh on sentiment, which is why we must implement mutually reinforcing policies to boost global growth and strengthen financial stability."

3. Cutaway

4. SOUNDBITE (English) Agustin Carstens, Chairman of IMF Policy Panel

"We agreed that emerging markets and developing countries are generally better prepared than in the past for possibly a less favorable environment, but many of them are exposed to tighter financial conditions, slowing capital inflows and currency pressures. In this context, clear and effective communication of policy stances will be key limit excessive market volatility and negative spillovers."

5. Cutaway

6. SOUNDBITE (English) Agustin Carstens, Chairman of IMF Policy Panel

"There was a consensus there is no room for complacency, and ahead of us, we still have important challenges, and in that sense the three-pronged approach that was proposed by the IMF was widely subscribed and accepted."

7. Cutaway

8. SOUNDBITE (English) Christine Lagarde, IMF Managing Director

"I think your observation is correct. There was not the same level of anxiety, but I think there was an equal level of concern, but a collective endeavor to identify the solution and the responses to the global economic situation."

9. Cutaway

10. SOUNDBITE (English) Christine Lagarde, IMF Managing Director

"Now, clearly the question is how much is going to get done back home when they return? How much political force will that require and will they exercise it. It's a matter that we will measure, we will score, and we will come back to them and tell them how much they accomplished."

11. Panel members leave room

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.

The hope is that stronger growth can boost long-stagnant wages and combat a rising backlash against globalization.

The finance leaders said they will use all the policy tools available to them to promote "strong, sustainable, inclusive, job-rich and more balanced global growth."

The IMF called for a three-pronged approach including monetary, fiscal and structural actions to avert recession risks.

The commitment came in a joint statement from the policy-setting panel of the 189-nation International Monetary Fund at the end of its spring meeting in Washington.

Markets have stabilized after a chaotic start to the year, when fears were growing about a possible new global recession. But the IMF's communique cited a long list of threats, from terrorist attacks and the Syrian refugee crisis to the shock to global confidence from a potential exit by Britain from the European Union.

"Against this backdrop, it is important to buttress confidence in our policies," the IMF said.

The IMF discussions followed two days of talks among finance officials of the Group of 20 major economies. Representing the United States were Treasury Secretary Jacob Lew and Federal Reserve Chair Janet Yellen.

The concern about economic growth was heightened at the beginning of this year by tumult in financial markets. Investors feared that China's economy, the world's second biggest, was slowing more than expected, raising the possibility of a global recession.

Agustin Carstens, the head of the Bank of Mexico and chairman of the IMF's policy panel, said finance leaders realized "there was no room for complacency" even though markets have stabilized.

Many nations buffeted by the forces of globalization have lost jobs and workers' wages have stagnated. In the United States, this anger has propelled the presidential candidacy of Republican front-runner Donald Trump. In Britain, voters will decide in June whether to leave the European Union.

The finance leaders said they believed their actions would help stimulate growth and boost jobs and wages. But they acknowledged there was no time to waste in producing results.

"Clearly the question is how much is going to get done back home," IMF Managing Director Christine Lagarde said.

The IMF this past week downgraded its outlook for the economy this year and cited risks that could make things worse: conflict in the Middle East, the refugee crisis in Europe, Britain's possible exit from the EU, and the growing political backlash in the United States and Europe against international trade.

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.

The hope is that stronger growth can boost long-stagnant wages and combat a rising backlash against globalization.

The finance leaders said they will use all the policy tools available to them to promote "strong, sustainable, inclusive, job-rich and more balanced global growth."

The IMF called for a three-pronged approach including monetary, fiscal and structural actions to avert recession risks.

The commitment came in a joint statement from the policy-setting panel of the 189-nation International Monetary Fund at the