Ross Clark Ross Clark

Big business backing the ‘In’ campaign shows us what’s wrong with the EU

So, FTSE 100 company bosses have come out in favour of staying in the EU – even if, as Ed West notes, the 198 signatories in a letter to the Times represent only 36 companies. I wonder if anyone dropped out at the last moment to reduce the tally below the figure of 200.

Of course big business supports the EU. It always has and always will. But who cares? What matters is what smaller, wealth-creating and job-creating businesses think. And they are much more Eurosceptic. A YouGov poll published in January revealed the huge divide between big business and the rest of the private sector on the issue. Out of 501 leaders of small and medium enterprises polled only 47 per cent favoured continued membership, with 42 per cent favouring withdrawal. This is very close to the level of the general public, who at the time were balanced 41 in favour of staying to 42 per cent leaving.

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