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22 February 2016

  |  CBI Updates Team


Prime minister reaches new EU deal for the UK

The prime minister has announced that agreement had been reached in Brussels on the renegotiated terms of the UK’s future relationship with the European Union.

UK businesses want to see changes to the EU that will put Europe on the path to a more competitive and prosperous future - the prime minister’s reform package looks to be a major step forward.

Being part of the Single Market guarantees businesses tariff-free access to 500 million consumers in Europe and is a cornerstone of the UK’s economic success. These reforms protect the UK’s place inside this important market and a renewed focus on EU competitiveness will help British firms succeed in creating jobs and economic growth at home in the years ahead.

Most CBI members – though not all – have told us that being in a reformed EU is better for jobs, growth and prosperity. With a final deal now in place, we will consult our members to ask for their views once again.                      

For more details on our reaction, please click here

Last week the CBI and its counterparts in Germany, France, Italy and 16 other EU Member States published a joint letter backing the reforms that will make the EU more competitive and outward-looking to deliver jobs, security and prosperity across Europe.

See the full letter and more details here

The letter states: “Business is an essential part of the solution to many of the challenges facing the EU but companies need a strong and globally competitive European economy. We therefore want to see a more competitive EU – a key pillar of the UK’s negotiations on its EU membership – which will be beneficial for citizens across the continent.”

The 21 federations - speaking on behalf of over 2.5 million businesses, employing more than 50 million people - believe that, while the referendum is a matter for the British people, they support the UK’s continued membership of a reformed EU.

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