Phil Wilson

Fighting for the issues that matter most to you

Poll reveals CBI members overwhelming support for remaining in the EU

Britain’s biggest business lobby group, CBI (Confederation of British Industry) revealed that only 5% of members would support Brexit.

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for The survey also revealed 80% of CBI members wanted the UK to remain in the EU.

Of the firms which back continued EU membership, many worried that without full access to the single market their business would suffer.

Businesses also worry that should the UK leave the EU they would lose out to countries within the trading block when it came to investment.  

CBI members are concerned about losing access to a tariff free market of 500 million people.

CBI director Carolyn Fairbairn said “These significant advantages outweigh the frustrations”

“However, most CBI members are unconvinced that alternatives to full membership would offer the same opportunities. We have yet to see those who seek to leave the EU present a compelling vision of what this would mean for jobs and growth.”

The results of the latest CBI poll reflect regional polls which have also revealed that the majority of businesses favour remaining in the EU.  

A snap poll by the Institute of Directors revealed 6 in 10 executive supported remaining, and in February the North East Chamber of Commerce revealed there was little support amongst business to leave the EU in the region.

NECC director of policy and research Ross Smith said: “The suggestion the UK could consider leaving the EU is a cause for concern for NECC members, partly in regard to future spending on North East economic development.

“While the money being returned from Europe to the region could be provided directly from the UK Government, the trend of how spending cuts have been distributed suggests the net effect may not be neutral for the North East.

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