A SPLIT from the European Union could damage trade for UK business, the CFO of Jaguar Land Rover has warned.
Speaking at the Economist CFO Summit yesterday, Kenneth Gregor cautioned against "barriers" that would arise if the UK is "set aside from Europe".
The comments were made ahead of David Cameron's long-awaited speech on the UK's relationship with the EU. In a speech at Bloomberg's City headquarters, Cameron pledged an in-out referendum in the first half of the next parliament.
Cameron said he would fight for continued British membership of the EU after renegotiating Britain's relationship with the EU.
"A relatively stable relationship feels like a better thing for our business," Gregor told delegates at the central London conference.
Ben Stevens, FD of British American Tobacco, appeared less concerned about a possible British exit. Speaking on the same panel, Stevens said the UK's main trading partners in the future "will not be part of the EU".
If the UK wants to continue being a part of the EU, it should do so "wholeheartedly" or "up sticks" and leave, Stevens added.
Have similiar articles delivered to your email box
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
08.45 AM, 20 Jun 2013
The FD Summit 2013 will feature some of the UK's most senior finance experts, speaking at the Intercontinental Hotel, Westminster
11am, 10 Jul 2013
This informative web seminar discusses how FDs need to proactively engage in developing employee benefits solutions for their organisations
Britain has the most competitive corporation tax regime in the G20. But is it so attractive when other forms of taxation are increasing? asks Calum Fuller...
Send to a friend