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- largest single market (bigger than US+JAPAN)
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- combined GDP £11TRN
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- 500m provides relatively level playing field to uk trade
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- free trade - no tariff or custom duties
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- common set of rules firms dont need to comply with 27 different set of regulations
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- Exports 60% to EU £200bn US JUST 13%
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- CBI estimated 3.5m directly/indirectly linked to EU
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- Free movement of labour - allows firms to recruit from larger pool
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- Uk firms exploited to tackle skills shortage
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- Uk business positive about EU benefits
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- CBI 71% reported positive benefits 13% negative 78bn benefits
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- EU membership significant flow of capital from EU andbeyond
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- capital flows doubled since the single market EU
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- UK benefited from £1.2trn FDI
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- Brexit threatening existing and future investment
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- Nissan consider current and future investment
•
- considers factory european asset located in UK
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- Ford Steve Odell - strongly advice against Brexit
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- for business and employment for UK
•
- FT reported US finance citigroup Morgan Stanley
•
- contingency plans to relocate to ireland
•
- speculation threats there seems concern among major outside investors
•
- weakness of EU economy UK businesses need to grow with fastergrowing economies - china - Malaysia, - india - brasil
•
- Brexit reset fiancial regulatins to its own free trade interests
•
- allowing uk to integrate into global economy rather than regional
•
- better off out - potential savings from EU regulation costs
•
- small firms benefit free from £42bn red tape
•
- Eu regulation costs 6% GDP - £90bn
•
- Cost of EU membership 11%
•
- evidence significantly fewer regulations with greater trade with emerging economies
•
- benefits of operating in the single market
•
- strong flows of investment
•
- UK is a prime location for firms wanting to operate in the EU
•
- without FDI sectors significantly weaker
•
- Manufacturing has benefited from FDI
•
- free movement of labour become even more significant as labour market tightens due to skills shortages
•
- its important to distinguish between economic and political
•
- but CBI report cannot be ignored - firms want the EU
•
- largest single market (bigger than US+JAPAN)
•
- combined GDP £11TRN
•
- 500m provides relatively level playing field to uk trade
•
- free trade - no tariff or custom duties
•
- common set of rules firms dont need to comply with 27 different set of regulations
•
- Exports 60% to EU £200bn US JUST 13%
•
- CBI estimated 3.5m directly/indirectly linked to EU
•
- Free movement of labour - allows firms to recruit from larger pool
•
- Uk firms exploited to tackle skills shortage
•
- Uk business positive about EU benefits
•
- CBI 71% reported positive benefits 13% negative 78bn benefits
•
- EU membership significant flow of capital from EU andbeyond
•
- capital flows doubled since the single market EU
•
- UK benefited from £1.2trn FDI
•
- Brexit threatening existing and future investment
•
- Nissan consider current and future investment
•
- considers factory european asset located in UK
•
- Ford Steve Odell - strongly advice against Brexit
•
- for business and employment for UK
•
- FT reported US finance citigroup Morgan Stanley
•
- contingency plans to relocate to ireland
•
- speculation threats there seems concern among major outside investors
•
- weakness of EU economy UK businesses need to grow with fastergrowing economies - china - Malaysia, - india - brasil
•
- Brexit reset fiancial regulatins to its own free trade interests
•
- allowing uk to integrate into global economy rather than regional
•
- better off out - potential savings from EU regulation costs
•
- small firms benefit free from £42bn red tape
•
- Eu regulation costs 6% GDP - £90bn
•
- Cost of EU membership 11%
•
- evidence significantly fewer regulations with greater trade with emerging economies
•
- benefits of operating in the single market
•
- strong flows of investment
•
- UK is a prime location for firms wanting to operate in the EU
•
- without FDI sectors significantly weaker
•
- Manufacturing has benefited from FDI
•
- free movement of labour become even more significant as labour market tightens due to skills shortages
•
- its important to distinguish between economic and political
•
- but CBI report cannot be ignored - firms want the EU
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