Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Saturday, 04 July 2015

Subscriptions  |  evouchers  |  Jobs  |  Property  |  Motors  |  Travel  |  Dating  |  Family Notices

Economy warning over EU uncertainty

THE economy could be harmed by a referendum on Britain’s EU membership, according to a business expert in Cumbria.

0001981T005.jpg rjs

Rob Johnston, chief executive of Cumbria Chamber of Commerce, has warned that David Cameron’s stance could create years of uncertainty and impact on inward investment.

Mr Cameron has pledged to hold a referendum during the early part of the next parliament – by the end of 2017 at the latest – if the Conservatives win the next general election.

France has already piled on the pressure by saying it would welcome any firms looking to relocate to stay within the EU.

And Mr Johnston said the uncertainty would be damaging for businesses.

He said: “It’s to be hoped that the prime minister is doing this for the right reasons – ie the cost of Europe – and not because he’s under pressure from his party to be firm on Europe.

“It’s worth remembering that the vast majority of foreign investment into the UK since the 1980s has been based on access to European markets, with investors seeing the UK as an attractive gateway to Europe.

“This is particularly so in the north of England, where many traditional manufacturing businesses were based and where there’s been significant change.

“Clearly we should be concerned at the impact of any decision but also of the uncertainty for in the intervening period business and the consequences of this on investment between now and any referendum on Europe.

“And remember that given that it’s beyond the next election it might or might not happen, adding further to the uncertainty.”


North West Evening Mail What's on search

Powered by

Hot Jobs

Loading latest hot jobs...
Powered by Zoopla.co.uk

Featured companies

Searching for featured companies...
Search for:


Are you enjoying the hot weather?



Show Result


Is it time to rethink who sits in the House of Lords?



Show Result

Resource Cumbria

The Forum

F. Dickinson footwear

Homes and gardens 22

To save our contact details direct to your smartphone simply scan this QR code

North West Evening Mail

Evening Mail Going Out