More than 300 business leaders are calling on Britain to vote to leave the European Union, saying that the country’s ‘competitiveness is being undermined by our membership’.
In a letter published in the Telegraph, the business leaders say that Brussels’ ‘red tape stifles every one of Britain’s 5.4 million businesses’ and claim that a Brexit would allow them to ‘create more jobs’.
Signatories of the letter include Peter Goldstein, a founder of Superdrug, Steve Dowdle, the former vice president Europe of technology firm Sony, David Sismey, a MD of Goldman Sachs and Sir Patrick Sheehy, the former chairman of British American Tobacco.
The letter is also signed by hundreds of people linked to small and medium-sized businesses. In total the backers of the letter are from businesses employing hundreds of thousands of members of staff.
It will be seen as an attempt to redress the balance after the Bank of England and the International Monetary Fund last week warned that a Brexit would damage Britain’s economy.
It came as:
This post was published at David Stockmans Contra Corner on May 17, 2016.
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