Brexit may hit UK’s global influence: Business leaders

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Britain risks losing its influence on the global stage if it votes to leave the European Union in June, business leaders warned.
Publicis Groupe SA Chairman Maurice Levy, former Italian Prime Minister Mario Monti and Confederation of British Industry Director General Carolyn Fairbairn, making the case for Britain to remain in the EU in a Bloomberg Television panel discussion, stressed that leaving would cost the country access to the single market and the opportunity to shape decisions within the bloc.
Making the case for an exit, former UK finance ministers Nigel Lawson and Norman Lamont and the founder and managing partner of Better Capital, Jon Moulton, argued freedom from EU regulation would be a risk worth taking and prove beneficial in the longer-term.
Prime Minister David Cameron “has decided to play with this fantastic great European dream just for internal purposes and a career path,” Levy said in the debate in London on Friday. “The UK has always been an open country. Entrenching the UK in an island would be a big mistake.”
With only weeks to go before the June 23 referendum, Britain’s Conservative cabinet has split over whether Britain should stay in the EU and polls show swathes of the electorate remain undecided. Cameron, who is campaigning to stay in, has staked his career on the vote and focused his arguments on the economic dangers posed by an exit.
Groups campaigning for the UK to leave have accused the government of scaremongering.

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