Britain 'will remain in the EU': Austrian minister

Britain will not quit the European Union despite voting to do so in a June 23 referendum, Austria's finance minister Hans Joerg Schelling said in an interview published on Tuesday.

European leaders were discussing "all possibilities" - from Britain remaining in the EU to sealing "a free trade agreement on the Swiss or Norwegian model", the former businessman said.

Schelling said that the UK could break up, with Scotland and Northern Ireland - where the majority of the electorate voted to stay - remaining members of the EU while pro-Brexit England goes its own way.

In the historic vote, 52% of Britons voted to leave the EU and 48% voted to stay.