I was pleased to sign today’s letter to The Times on behalf of Cicero Group, along with almost 1,300 fellow leaders of businesses large and small, stating that British business benefits massively from our EU membership.
The full text of our letter is below and you can view the full list of signatories here.
Sir, We own and run more than 1,200 businesses, from micro companies to the FTSE 100, employing more than 1.75 million people. We know our firms are stronger in Europe. Our reasons are straightforward: businesses and their employees benefit massively from being able to trade inside the world’s largest single market without barriers. As business people, we always look to the future — and a future inside the EU is where we see more opportunities for investment, growth and new jobs. We know that Britain leaving the EU would mean having to re-establish terms of trade from scratch with our home market of 500 million consumers. That wouldn’t just hurt exporters but the hundreds of thousands of small and medium firms who do business with them.
Even those that want Britain to leave say that, in the short term, Brexit would lead to economic uncertainty and would put jobs at risk. Smaller businesses and the people they employ are particularly vulnerable to any economic shock that could follow a vote to leave.
Britain leaving the EU would mean uncertainty for our firms, less trade with Europe and fewer jobs. Britain remaining in the EU would mean the opposite: more certainty, more trade and more jobs. EU membership is good for business and good for British jobs. That’s why, on June 23, we back Britain remaining in the EU.