Author Topic: Majority of bosses don't fear EU exit  (Read 1650 times)

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Majority of bosses don't fear EU exit
« on: September 25, 2015, 07:01:00 am »
Majority of bosses don't fear EU exit
Companies call for 'shift in the balance of power' between the UK and Brussels
    Survey of more than 2,000 executives by British Chambers of Commerce
    Shows just 40% expect EU exit to have ‘negative impact on overall growth'
    63%, however, would vote to remain in the EU if a referendum was held
    Findings go against claims British businesses favour staying in the EU

By Hugo Duncan Economics Correspondent For The Daily Mail
Published: 00:42 GMT, 25 September 2015

Company bosses are demanding ‘a shift in the balance of power’ between Britain and Brussels – with less than half worried that leaving the European Union would be bad for business.

A survey of more than 2,000 executives, published today, shows just 40 per cent expect an exit from the EU to have ‘a negative impact on their overall growth strategy’.

A similar amount think quitting Europe would have ‘no impact’ while 14 per cent believe such a move would be ‘positive’ for business.

The poll, by the British Chambers of Commerce, also shows that although 63 per cent would vote to remain in the EU if a referendum was held tomorrow, some 50 per cent could change their vote depending on the result of David Cameron’s renegotiation with Brussels.

The findings make a mockery of claims that British business leaders overwhelmingly favour staying in the EU and will bolster the case of eurosceptics.

Mr Cameron has pledged to hold an in-out referendum on Britain’s membership of the EU by the end of 2017 – causing alarm among political opponents and in some boardrooms.

But BCC director general John Longworth, who has in the past warned that ‘business support for the European project is far from guaranteed’, said the vote of many company executives ‘is still up for grabs’.

He added: ‘Business people want more clarity on the Prime Minister’s renegotiation plans before they have their say on Britain’s future in the EU.

‘With half keeping their options open before making up their mind on how to vote, business’s top concerns need to be at the top of Downing Street’s negotiation agenda.

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