CBI Survey Shows Firms Want UK to Stay In EU

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24th September 2013 16:26 - Business Support

According to a survey released by the Confederation of British Industry, almost eight out of ten British firms want the UK to stay in the European Union. Among respondents, seven tenths (71%) said the membership had been positive for their business - just a tenth (10%) would be in favour of leaving the organisation.

Furthermore, nearly nine tenths (86%) said an exit would affect their access to trading markets and business investment, while three fifths (59%) said it would make the UK less competitive.

The survey comes after EU chief Jose Manuel Barroso hit out at anti-European sentiment and warned the Tories they could be eclipsed by UKIP.

Three-quarters (75%) of the firms questioned said leaving would have a negative impact on foreign direct investment in the UK, only 9% thought it would increase investment. In addition, a third (35%) said they would be likely to cut their own business investment if Britain quit, compared with only 6% who said they would spend more.

CBI Director General John Cridland said:

"Firms want what is best for jobs and growth, and there is genuine concern that an exit would hit business investment and access to the world's largest trading bloc.”

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