Advertise On EU-Digest

Annual Advertising Rates

5/20/13

British business leaders make 'overwhelming' EU argument

A group of business leaders from the UK wrote in the left-leaning Independent newspaper on Monday that anyone arguing in favor of an EU exit was "putting politics before economics," saying there was a clear economic incentive for Britain to stay in the bloc.

"The economic case to stay in the EU is overwhelming," the group wrote. "To Britain, membership is estimated to be worth between 31 billion pounds (36.7 billion euros, $47.1 billion) and 92 billion pounds per year in income gains, or between 1,200 and 3,500 pounds for every household."

The signatories included the previous and current presidents of the Chamber of British Industry, as well as Virgin boss Sir Richard Branson and the chairmen of Deloitte, telecommunications firm BT and Lloyds. They supported Cameron's stated aim to revise the terms of EU membership, saying some alterations were needed to support the country's financial sector, but concluded that such change was best secured from within.

Read more: British business leaders make 'overwhelming' EU argument | News | DW.DE | 20.05.2013

No comments: