Sunday, 3 November 2013

UK businesses 'want to stay in Europe'

Cranes and a building




Businesses in the UK would prefer to stay in Europe and reap the benefits rather than leave, according to the CBI lobby group.

On balance, British business believes it's better to be in the European Union and reform it from the inside," CBI director-general John Cridland told Sky News.

He is to tell his members EU membership is worth £3,000 to every UK household.

The government wants to negotiate a new deal with the EU.

If he can secure a new deal, Prime Minister David Cameron has pledged a referendum on the UK's relationship with the EU by 2017 should the Conservative Party win an outright majority.

At the annual conference for the lobby group on Monday, Mr Cridland is to say that a CBI-commissioned report found that the benefits of being within the EU "significantly outweigh" the costs.

The comments come after the group suggested the UK economy was recovering at a "slow and steady" pace.

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