Osborne warning to 'sleepwalking' Europe

The Chancellor George Osborne has told business leaders that Europe is "sleepwalking" into a future where it has priced itself out of the global economy.

Speaking to the CBI business group, Mr Osborne said that was why the EU had to change.

On Wednesday, one of Europe's biggest companies warned of the risk to investment if Britain were to leave the EU after a referendum.

James Landale reports.