Lord Howard and Alistair Darling address Confederation of British Industry on EU referendum
May 21, 2016, 18:40:29 CEST | Wikinews

()
The dinner was held as the UK is expected to vote on the matter in next month's EU referendum. Lord Howard encouraged those in attendance to vote for the UK to leave the EU, while Mr Darling was speaking in favour of a vote to remain.

Responding to the CBI calling for the UK to remain in the EU, Lord Howard referred to the organisation's previous calls to become a full member of the European Monetary System and the Euro, saying these calls had been wrong, and suggesting this reduces the credibility of the CBI's current stance. Lord Howard also said if the UK left the EU and didn't replace it with some trade deal, which he described as "inconceivable", then the UK's exports would face EU import tariffs of 2.4% on average. He compared this to the UK's net contribution to the EU's budget, which he said was "equivalent to a seven per cent tariff."

Mr Darling reminded the audience of warnings from Mark Carney, Governor of the Bank of England, and Christine Lagarde, head of the International Monetary Fund, that leaving the EU could lead to a recession in the UK. Mr Darling said this "would be disastrous for working people's life chances and living standards".

The referendum is expected to take place on June 23.

Source: Wikinews
Share this article:
share article on facebook share article on twitter share article on google+ share article on tumblr share article on blogger share article on reddit

Send us your articles and web-novels!
comments powered by Disqus
Most popular


Recently Viewed:


Lord Howard and Alistair Darling address Confederati...

The dinner was held as the UK is expected to vote on the matter in next month's EU referendu...


Djokovic beats Murray for fourth time, wins Aus Open...

Today, Serbian tennis player Novak Djokovic defeated Scottish Andy Murray 6–1, 7–5, 7–6 in t...


Police shut down Edmonton pizza restaurant for illeg...

The alcohol was being delivered in paper bags and pizza boxes, with the same delivery vehicl...


More than 100 killed in mosque bombing in Pakistan

Thursday, February 2, 2023  Pakistan Related articles 2 February 2023: More than 100 ki...


FIFA ethics committee recommends lifetime ban of for...

The adjudicatory chamber of FIFA (International Federation of Association Football)'s indepe...

Automotive
Reviews | Technology | Projects & Tuning | Events | Racing
Business & Technology
Business & Economy | Mobile | Internet & Media | Security & Privacy | Gadgets & Tech | Software
Lifestyle
Health, Food & Fitness | Fashion | Gardening | DIY | Homes
Society
Accidents | Crime | Culture | Finance | Politics
Science & Environment
Wildlife | Green | Space
Gaming
Reviews
Society
Accidents | Crime | Culture | Finance | Politics
Travel
MM-iNEWS
Copyright & Privacy | Site Roadmap | Sitemap | Contact
Web Development @ OverHertz Ltd
Ω