STAY OR GO UK business leaders say no to Brexit

Posted on 02/29/2016

A referendum on whether the UK should stay in the EU is to be held on 23 June this year, and the executives of some of the country’s largest businesses have backed the UK to remain in the European Union.

In a letter published in The Times, and signed by business leaders – including those from Heathrow and Gatwick airports and Easyjet – said an EU exit could threaten jobs, investment and growth.The letter says, "Business needs unrestricted access to the European market of 500 million people in order to continue to grow, invest and create jobs."We believe that leaving the EU would deter investment and threaten jobs. It would put the economy at risk."Speaking about the EU’s impact on trade, aviation and British prosperity, Heathrow CEO John Holland-Kaye said membership of the EU has made air travel “affordable and convenient”.“Heathrow believes that the UK will be better off remaining in a reformed EU. We are the UK’s only hub airport, connecting Britain to over 80 long haul destinations, and handling over a quarter of UK exports – but we recognize that for business to thrive we also need to be part of the single European market.” Said Kaye.“A vote to remain offers the best of both worlds – it secures our place as a powerhouse in the global economy, while remaining in the world’s largest free trade zone.”Prime minister David Cameron promised to travel across the UK to make his pro-EU case.Downing Street said the letter was “unprecedented.”