Arab Today, arab today brexit would threaten jobs warn uk business leaders
Last Updated : GMT 05:45:46
Arab Today, arab today
Arab Today, arab today

A third of Britain's top companies

Brexit would 'threaten jobs', warn UK business leaders

Arab Today, arab today

Arab Today, arab today Brexit would 'threaten jobs', warn UK business leaders

BP CEO Bob Dudley
London - Arab Today

 The bosses of more than a third of Britain's top companies on Tuesday urged voters to keep the country in the European Union, warning that an exit from the bloc would threaten jobs.

Some 198 business leaders including Roger Carr, chairman of BAE Systems, BP CEO Bob Dudley and Ron Dennis, chief of F1 team McLaren, wrote a joint letter published in the Times, backing Prime Minister David Cameron's deal to reform the EU.

"Following the prime minister's renegotiation, we believe that Britain is better off staying in a reformed European Union," they wrote, adding Cameron had secured important commitments on improving competitiveness within the bloc.

"We believe that leaving the EU would deter investment, threaten jobs and put the economy at risk," wrote the business chiefs, who between them employ around 1.2 million people.

"Britain will be stronger, safer and better off remaining a member of the EU," it concluded.

Separately, Nissan, which produced 450,000 vehicles in Britain last year, issued a statement saying it "made the most sense for jobs, trade and costs" to stay in the EU.
"For us, a position of stability is more positive than a collection of unknowns," said the statement. "However, this is ultimately a matter for the British people."

The backing comes as a boost for Cameron, who was rocked on Sunday by the decision of charismatic London mayor Boris Johnson to back a "Brexit" in the referendum on June 23.

Sterling fell to near seven-year lows against the dollar on Monday on concerns about the implications of a Brexit. While recovering somewhat the currency was still below last week's level on Tuesday.

Chairmen or chief executives of 36 companies from key share index FTSE 100, including national giants such as BT, Marks & Spencer, EasyJet, Burberry and Vodafone, all signed the letter.

Two leaders of US firm Goldman Sachs in Europe were also signatories.
- Tories 'more divided than ever' -

However, critics pointed out that many large employers such as retailers Tesco and Sainsbury's and banks RBS and Barclays had not signed the letter and accused Cameron of "bullying" businesses into supporting his position.

"The truth is that despite the bullying of a prime minister who has no real business experience, it is other normal commercial factors which will determine the continued success of British businesses to invest and grow," said Richard Tice, co-founder of pro-Brexit group Leave.EU.

Experts also pointed out that smaller businesses were less pro-EU than their larger counterparts.

"Small businesses are much less likely to export... so they would be less impacted by any changes to export patterns in the event of Brexit," Scott Corfe, Director, Centre for Economics and Business Research, told AFP.
Smaller businesses are less likely to be affected by a tightening of migration rules, given the local make-up of their staff, he added.

Supermarket giants Tesco and Sainsbury's both said they would not pass comment on the referendum, which will take place on June 23.

Despite Cameron's deal and polls showing marginal support for staying in the EU, bookmakers have slightly reduced the odds on Britain voting to leave, becoming the first ever EU member to quit the union.

Rating agency Moody's threatened to downgrade Britain's AA1 rating to "negative outlook" if the "Leave" camp won.

Six senior ministers have already publicly backed the "Leave" campaign and reports suggest around a third of Cameron's 330 lawmakers could do likewise.

Former Conservative leader William Hague on Tuesday warned that the splits in the party over the issue could fester for years.

"Not since the fierce disagreements over the euro in the 1990s have Conservatives so strongly opposed each other in public on a fundamental issue," he wrote in the Daily Telegraph.

"The party is more evenly divided than it ever was then. A sustained battle within a party can open wounds that take a generation to heal."
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brexit would threaten jobs warn uk business leaders Arab Today, arab today brexit would threaten jobs warn uk business leaders

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally

GMT 08:45 2017 Thursday ,16 February

Hanjin saga reveals S.Korea corporate governance flaws

GMT 09:40 2017 Wednesday ,15 February

Heineken profits drained in 2016 by currency turmoil

GMT 09:10 2017 Tuesday ,14 February

Sharjah Chamber Eyes Strong Economic Ties with Belgium

GMT 08:23 2017 Tuesday ,14 February

Toshiba dives on shock loss-reporting delay

GMT 08:18 2017 Tuesday ,14 February

Banker-financier Mnuchin sworn in as US Treasury chief
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday