UK business group makes case for staying in EU

LONDON (AP) - Britain's main business group concluded Monday that the benefits of staying in the European Union outweigh the costs, though reforms are urgently needed for that to remain in the national interest.

The Confederation of British Industry released research showing EU membership was worth between 62 billion pounds and 78 billion pounds ($99 billion to $124 billion) annually _ about 4 percent to 5 percent of the country's GDP. But the business group warned about mission creep in the 28-nation bloc, particularly in the areas of health and safety and welfare legislation.

"There is a growing unease about the creeping extension of EU authority," CBI Director-General John Cridland said. "Europe has to become more open, competitive and outward-looking if we are to grow and create opportunities and jobs for all our citizens."

Still the organization concluded that Britain is better off in a reformed EU than "outside with no influence." The group said membership is worth 3,000 pounds annually to every household in this country.

Cridland says the EU must modernize and secure trade deals with the United States, Japan and others.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Sordid Tale
    Tom Tangney found himself asking whether 'Foxcatcher' was worth it

  • Turnaround Underway
    The state's first charter school is on probation, but the director promises improvements
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.