Torfaen Constituency Labour Party

Welcome to the official website of the Torfaen Constituency Labour Party. Please feel free to contact us if you have any queries or require further information. Promoted by David Daniels on behalf of the Torfaen Labour Candidates at 50 Blaen Bran Close, Pontnewydd, Cwmbran, Torfaen NP44 1UU

Business survey underlines need for Wales to remain in EU

L_591609e1-c1ed-8c34-35a2-1add0e76e631A recent survey published this week by the CBI which confirmed that 80% of its members want to stay in the EU is further proof that EU membership is good for Welsh businesses, employment and economic growth according to Welsh Labour MEP, DEREK VAUGHAN.

The vast majority of firms taking part in the poll by the UK’s biggest business lobbying group believe that remaining in the EU is in the best interests of wider economy with only 5% supporting withdrawal.

DEREK VAUGHAN MEP said:

“Over 190,000 jobs in Wales are linked to our trade with the EU which is the biggest single market in the world, allowing Welsh businesses direct access to 500 million potential customers.

“EU investment in research and development is also helping to drive forward the jobs of the future and supporting vital collaborative technological breakthroughs with our universities and world-leading businesses here in Wales.

“A vote to leave would put all of that at risk and the CBI survey send an unambiguous message – being in the EU is better for business, jobs and the long-term prosperity of the UK and it is in our interests to remain a part of that.”

Details of the CBI Survey can be found here.

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This entry was posted on March 17, 2016 by in Derek Vaughan MEP, News and tagged .

Twitter: @Torfaen_Labour

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