Quote

We need Britain not only to stay in the E.U. but to be very active in it.

Trade is the key to the economic outlook in Britain and the E.U. Many corporate chieftains joined large bank CEOs and the fearmongering IMF to suggest that the E.U. will deal harshly with Britain if it leaves and stop all trade. That's mutually assured destruction - MAD.

I am absolutely convinced that the E.U. will still be around. I am convinced the U.K. will be sitting at that table and not negotiating an exit, but being there to stay.

Leaving the E.U. would mean the 'Guernseyfication' of the U.K., which would then be a little country on the world scale. It would isolate itself and become a trading post and arbitration place at Europe's border.

I believe that Europe without Britain at the heart will be less reform-driven, less open, less international Europe.

If the E.U. allows itself to be priced out of the world economy, the next generation will not get jobs, living standards will decline, and the Union will lose the popular consent of the people of Europe.

I worry about the direction of the U.K. and U.K. politics and governance in the event of a Brexit.

I think the U.K. would be perfectly successful as a standalone country, part of the European marketplace like Norway and Switzerland but without the expensive E.U. bureaucracy.

A U.K. vote to exit the European Union could have significant economic repercussions.