Roger Bootle, executive chairman of Capital Economics writes:
"Companies that might lose from Brexit would be primarily those that export heavily into the European Union, do not import that much from the rest of the world and do not do that much business in the UK. To continue to sell into the European single market, they would have to comply with European regulations, even if those regulations were rescinded by the UK.
The gainers from Brexit would be consumers – with lower tariff-free and CAP-free prices for food and other goods – and a whole raft of businesses that don’t do any exporting to the EU, most likely small and medium-sized enterprises. Neither of these groups will figure in the deliberations of big business leaders.
There is another element to this apparent opposition between business and consumer interests, which surfaced last week. Lord Rose, leader of the “Remain” Campaign, conceded under questioning in the House of Commons Treasury Committee, that if we were to leave the EU and effectively to tighten immigration controls, the fact that the labour force would thereby be smaller would tend to raise real wages. Again, businesses could readily see themselves as losing from the increase in wage costs brought about by reduced immigration, while most ordinary workers’ interests would be exactly the opposite." (1)
THE CASE FOR A #FREEBRITAIN
"There is one easy example of how the European Union cares more about large corporates than the people it rules over is TTIP. In Britain we care dearly about our NHS and it’s very clear for the European Union to see that, yet they do not care. TTIP will certainly be pro-business, at least if by business we mean the mega-corporations. These corporations would be able to buy chunks of our NHS without us having the power to stop them. Mega-corporations already have Eurocrats eating out of their hands: there are almost as many lobbyists accredited to EU institutions as there are in Washington DC. Secret backroom deals? Welcome to Brussels. I mean take the legal supremacy that distinguishes the Treaty of Rome from other international accords. Instead of binding its signatories as states, the Treaty of Rome created a new legal order, with primacy over national constitutions, allowing firms (and individuals) to sidestep national legislation. Brussels was built for big business."
Steven Woolfe MEP