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UK business leaders warn against Brexit

A group of economic leaders of Britain has warned that leaving the European Union would jobs and put the country’s economy at risk.

A group of economic leaders of Britain have warned that leaving the European Union would jobs and put the country’s economy at risk.

Chairmen or chief executives of 36 FTSE 100 companies signed a letter a letter published by Times saying an EU exit would deter investment in the UK.

However, nearly two-thirds of the UK's largest publicly listed businesses did not sign, including RBS and Barclays.

The letter said the Prime Minister David Cameron had secured a commitment from the EU "to reduce the burden of regulation, deepen the single market and to sign-off crucial international trade deals."

"Business needs unrestricted access to the European market of 500 million people in order to continue to grow, invest and create jobs. Britain will be strong, safer and better off remaining a member of the EU," the letter said.

A referendum on UK’s EU membership is slashed for 23 June. The issue has long been a hot topic in the British society.

The Mayor of London Boris Johnson, the most high-profile politician to back EU exit, has urged people to focus on the issues and played down talk of ill feeling between him and the Prime Minister David Cameron  saying "team spirit" within the party was good.

According to the state-funded BBC, for politicians supporting Britain remaining in the European Union, the blessing of business leaders is seen as a positive step. And the list signing the pro-European letter - at least in part orchestrated by Number 10 - are certainly a hefty bunch.

 

 


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