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May election will guide UK business stance on 'Brexit'

Friday, January 2, 2015

Subject

How the UK business community views the UK-EU relationship.

Significance

Many believe that the intervention of the business community was important in shaping the outcome of the Scottish independence referendum. However, this diverse group remains divided in its attitude towards EU membership and is likely to maintain a 'wait and see' approach until after the general election.

Impacts

  • Those in the business community that favour staying in the EU still argue that the UK-EU relationship should be reformed.
  • Despite the wishes of some politicians, it is highly unlikely that business will stay silent on the question of a referendum.
  • Nevertheless, they will most likely wait to ramp up their lobbying until after the May 2015 general election.
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