"Voluntarily cutting ourselves out of the world’s largest economic bloc would undermine our position as a global leader in science and innovation, impoverish our campuses and limit opportunities for British people," the letter read.īusiness and political leaders are making their positions known in one last ditch attempt to sway opinion before voting begins on June 23. On Tuesday, the leaders of 103 British Universities wrote an open letter with a "grave" warning about the potential consequences of leaving the EU. Remain said it hoped to lay rest to the idea that businesses are split over the issue of whether to stay in the EU, one day before the referendum vote is cast. This letter contains signatories from across the spectrum, from Richard Branson, founder of the Virgin Group, and Michael Bloomberg, the founder of Bloomberg News, to dairy farmers in Devon and whisky distilleries in the Scottish Highlands.
Polls show that big businesses back the EU, while small businesses are divided, with half backing Leave and half Remain. The leaders fear a future where they will have to re-establish the terms of trade with their consumers, which could mean less trade with Europe and fewer jobs. As business people, we always look to the future - and a future inside the EU is where we see more opportunities for investment, growth and new jobs." "Businesses and their employees benefit massively from being able to trade inside the world’s largest single market without barriers.
"Our reasons are straightforward," the letter reads. New names on the list include Sir John Parker, chairman of the multinational mining company Anglo American, and John McFarlane, chairman of Barclays. Collectively, the companies on the list employ 1.75 million people.
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