UK’s construction equipment manufacturer JCB joins rank of businesses urging EU exit

by | Jun 13, 2016 | Constuction & Business News, Equipment & Construction Videos, Manufacturer News

UK’s construction equipment manufacturer JCB joins rank of businesses urging EU exit

The chairman of construction firm JCB has written to his 6,000-strong UK workforce to explain why he’s in favour of leaving the EU.

Lord Bamford says he voted to stay in the Common Market in 1975 but did not vote for a political union.

Watch Report HERE

Lord Bamford is chairman of JCB, one of the country’s leading manufacturers. But he’s not just that. In a hammer blow to David Cameron’s credibility, he’s also one of the Conservative Party’s leading donors. Over the past 15 years JCB has given £3.7million to the Conservatives.And it was at JCB’s Staffordshire headquarters 18 months ago that Mr Cameron made his pledge to curb migration by limiting benefits. Lord Bamford, like many business people, doesn’t waste time on flimflam. He cuts to the chase.
JCB DIGGERS

The JCB boss says that the UK is the fifth biggest economy in the world so could survive on its own.

 As he writes, the EU is of “diminishing economic importance”.
“The UK is a trading nation and the fifth largest economy in the world”, Lord Anthony Bamford

 He points out: “The UK is a trading nation and the fifth largest economy in the world. I am confident we can stand on our own two feet.”The real point is that the EU is simply not the be all and end all that the Remain campaign would have us believe. By restricting ourselves to a declining EU we hinder our ability to build trade with other growing markets.As Lord Bamford puts it: “In 1973, when we joined as its eighth member, the EU accounted for 31 per cent of world economic output. Today – with 28 member countries – the figure is just 17 per cent, which underlines the shrinking role of the EU in the world economy.”

And he exposes the idiocy of the idea that if we leave the EU we will not be able to trade with it: “One thing I’m certain of is this: JCB will continue to trade with Europe, irrespective of whether we remain in or leave the EU.”
With one letter, Lord Bamford has exposed that as yet another distortion by Project Fear. We are now just two weeks away from the day when the huffing and puffing comes to an end. Bring it on.Lord Bamford speaks for many who supported the idea of a common market, that made trade easier, but who have seen that morph into a European Union.

As he writes: “I voted to stay in the Common Market in 1975. I did not vote for a political union. I did not expect us to hand over sovereignty to the EU.”

JCB

Two thirds of small to medium size businesses say the EU hinders rather than helps the business


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