EU single market 'fundamental' to UK's future

A UK business leader has called for continued membership of the EU.

John Cridland, Director General of the Confederation of British Industry, said:

"We have looked beyond the political rhetoric to examine the pros and cons of EU membership and British business is unequivocal - the Single Market is fundamental to our future.

"We are better off in a reformed EU than outside with no influence. Each year, membership is worth £3,000 to every household in this country.

"But the EU isn't perfect and there is a growing unease about the creeping extension of EU authority. Europe has to become more open, competitive and outward-looking if we are to grow and create opportunities and jobs for all our citizens.

"Contrary to popular myth, the UK is influential in the corridors of Brussels and will still be as long as we play our cards right. The Single Market is a great British success story and the best way for us to remain a leader on the world stage is from within the EU."