Brexit would change Europe forever for the worse — European Union chief

The move to call on the voice of big business was not without risk as “Out” campaigners cast the European Union as the instrument of a global elite which is out of touch with ordinary Britons.

Ford, GE, IBM and Goldman Sachs, as well as United Kingdom engineering icon Rolls Royce and fashion label Burberry signed an open letter declaring that Brexit would be bad for Britain.

It came the day after the pound posted its biggest one-day loss in nearly six years on concerns Britain might vote to leave the 28-member bloc.

The letter was signed by more than a third of all companies listed on the FTSE 100, London’s main stock market index, and dozens of other smaller firms.

The former Royal Navy, Army and Air Force leaders says they were anxious about the rise of the Islamic State group, instability in the Middle East and Russian nationalism.

ROSIE Cooper is encouraging residents to become engaged with the debate about whether or not to leave the European Union – although she has revealed that she has not yet decided which way to vote in the referendum on June 23! Opinion polls show Europe’s second biggest economy is deeply divided over the issue, with large numbers of voters still undecided. They’re anxious about the impact of Brexit on trade, investment and financial services.

Some executives also signed it in a personal capacity, making clear that their companies remained neutral. But he seemed to suggest that a no vote could get a better deal by saying “they (the EU) only really listen to a population when it says No”.

Tesco said the vote was “a decision for the people of Britain” and that its “focus will continue to be on serving customers” while fellow supermarket Sainsbury’s said it was a “matter for the British people”.

“Because it carves us forever out of an ‘ever closer union, ‘ it means that the ratchet of the European court taking power away from this country can not happen in the future”.