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Why it's right to stay in the EU
Business has not always got it right on Europe. Many high profile names campaigned to take us
into the single currency which would have been a disaster.
'When it comes to the bigger picture of our economy, our jobs and our living standards we need the
EU as much, if not more, than the EU needs us.'
But when it comes to our wider relationship with the European Union, business leaders are correct in
warning that we need to be in, rather than out, of the EU.
A letter published in the Financial Times this morning signed by business names ranging from
Sir Richard Branson to Sir Michael Rake, chairman of BT, has performed a valuable service by
asserting that the UK needs to be at the heart of Europe, not on its periphery or even outside it.
Many of us are frustrated by Europe's restrictive rules and regulations, on employment law fo
instance, or its record of interfering and irrational human rights judgements. And the EU enjoys a
big trade surplus with the UK, selling us more of their goods than they buy of ours.
But when it comes to the bigger picture of our economy, our jobs and our living standards we need
the EU as much, if not more, than the EU needs us.
The EU is the world's biggest exporter of goods and services, accounting for more than 16pc of
global activity.
Full story Telegraph.