JPMorgan backs campaign to keep Britain in the EU

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A second major US bank is backing campaigners supporting the UK’s continued EU membership, it has emerged, as the prime minister, David Cameron, prepared to call on business chiefs to support him in keeping Britain in the 28-member union.

JP Morgan is preparing to join Goldman Sachs in supporting the Britain Stronger in Europe campaign in a sign that major employers in the UK are preparing to demonstrate their allegiances ahead of the referendum, a formal date for which has not yet been set.

The latest backer for the “in” campaigners was revealed just hours before Cameron was expected to tell an audience of business leaders and politicians in Davos that he needed their support.

“This is a once-in-a-generation moment and the stakes are high,” Cameron is expected to say. “If you want a more competitive Europe, where the single market is completed, where there are more trade deals and fewer regulations: join me in making that case.

“If you believe, like I do, that Britain is better off in a reformed European Union, then, when the time comes, help me make that case for Britain to stay.”

The future of Europe has already been debated among the 2,000 delegates to the annual gathering in the Swiss Alpine Ski resort. Cameron is thought to want to hold the referendum in June to avoid prolonged coverage of refugees fleeing into the EU.

The French prime minister, Manual Valls – who said it would be a “tragedy for Europe” if the UK electorate voted to leave –said he thought it was unlikely Cameron could reach a new deal with Europe at a planned summit in February.

Valls said: “We must find a compromise, and everyone must contribute to it.”

Powered by article was written by Jill Treanor, for on Thursday 21st January 2016 12.10 Europe/ © Guardian News and Media Limited 2010


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