Company bosses warn of European Union exit

BBC business editor Kamal Ahmed said two leaders of USA firm Goldman Sachs in Europe had also signed the letter, which he said signalled “wider concern among major American banks based in London about the risks of leaving the EU”.

Asked if the PM himself thought a No vote in the EU referendum could lead to “Scexit”, she added: “The PM is firmly focused on convincing people up and down the country that the best future for the United Kingdom is in the European Union”.

“Numerous large multinational businesses like JCB, Toyota, Nissan, Vauxhall, Airbus among others have, over recent months, confirmed without pressure from the [prime minister], that Brexit would make no difference to their United Kingdom investment plans or United Kingdom job numbers”, said Richard Tice, co-founder of Leave.EU.

However, there were some notable absences from the list, including the bosses of Tesco, Sainsburys, RBS and Barclays.

Meanwhile, the UK Independence Party campaigns for Britain’s leave from the EU. “Sadly, I have known a number of couples who have begun divorce proceedings, but I do not know any who have begun divorce proceedings in order to renew their marriage vows”, Cameron said. Top figures in 36 FTSE 100 companies including Asda, BT and M&S said a Brexit would “deter investment and threaten jobs” in a joint letter today.

UBS Wealth Management said Monday that it put the probability of an European Union exit at 30 percent.

George Cunningham, chairman of the Brits Abroad: Yes to Europe campaign, which is managed by the Brussels and Europe Liberal Democrats, said: “British expats who have lived outside the United Kingdom for less than 15 years qualify to be able to vote in the forthcoming referendum”. “As far as India is concerned, if there is an entry point for us to the European Union that is the United Kingdom, that is Great Britain, ” he had said.

Meanwhile, at least half of Prime Minister David Cameron’s 331 MPs expected to back Brexit amid a rising tide of opposition within his own Conservative party.

“This is simply people running some of the largest businesses in our country that employ over a million people between them, saying this has real consequences for our country”. He also announced O2 was backing the campaign to remain part of the EU.

“Brexit will reduce unnecessary regulatory burdens and cost on business, which can be used to invest in more jobs, not less”.

The looming June 23 vote has caused jitters for Britain’s pound, which hit a seven-year low of $1.4058 Monday before rallying to just above $1.41.