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EU membership underpins prosperity in Britain

As business leaders start to discuss EU membership and the impact of an EU referendum on the UK, Dr David Lutton, Director of Competitiveness at London First, comments on why membership is important to business. He said:

“EU membership gives Britain’s businesses access to the largest single market in the world and ensures that we are a magnet for foreign investment. While those UK businesses which trade with mainland Europe can visibly see the benefits to their bottom line, EU membership – behind the scenes – underpins jobs and prosperity across the whole country.

“The single market generates affluence that helps even businesses that don’t directly trade internationally, for example by creating opportunities in supply chains. Being at the heart of a modernised, more competitive and outward-looking single market is undoubtedly in the national interest.”

Read more about our work on Europe and facts and figures on London’s relationship with the EU

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