UK’s business lobby group favours EU membership – CBI Survey

A majority of Britain’s biggest business groups have shown a clear preference for staying inside the EU, as the employers view a referendum vote to leave as a threat to the UK’s prosperity.

They believe that their businesses would suffer drastically should Brexit become a reality, as a lack of access to the single market; the UK would lose out the competitive edge against countries inside the trading bloc.

A clear majority of 80% of the UK businesses said Britain remaining inside the European Union (EU) was best for their trade, while only 5% favoured leaving the common bloc, with 15% still undecided, a survey conducted by the Confederation of British Industries (CBI) revealed on Tuesday.

A majority of Britain’s biggest business groups have shown a clear preference for staying inside the EU, as the employers view a referendum vote to leave as a threat to the UK’s prosperity.

(Market News Provided by FXstreet)

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