Downing Street Soliciting Big Business Support For Remain

Guido has got hold of a draft letter sent to FTSE 100 bosses by Downing Street business adviser Chris Hopkins yesterday, soliciting support for Dave’s deal. It was due to appear in tomorrow’s Times, but you can read it on Guido today:

From: Chris Hopkins
Sent: 21 February 2016
To: XXXXX

Dear Sirs

We run businesses representing every sector and region of the United Kingdom. Together we employ hundreds of thousands of people across the country.

Following the Prime Minister’s renegotiation, we believe that Britain is better off staying in a reformed European Union. He has secured a commitment from the EU to reduce the burden of regulation, deepen the single market and to sign off crucial international trade deals.

Businesses like ours need unrestricted access to the European market of 500 million people in order to continue to grow, invest and create jobs. We believe that leaving the EU would deter investment and threaten jobs. It would put the economy at risk.

We believe Britain will be stronger, safer and better off remaining a member of the European Union.

Give me a call if you have any issues.

Regards,

Chris

The letter was sent around yesterday, after the new rules limiting what Leave ministers are allowed to do with public resources came into effect. No.10 are unsportingly using the taxpayer-funded civil service machine to campaign for Remain, within the rules…




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Quote of the Day

Former deputy director of IMF European Research, Professor Ashoka Mody, writes

“But more outrageous is the BOE’s warning of mayhem if Britain votes to leave. Nobel Laureates George Akerlof and Robert Shiller have explained that people act in accordance with the narratives they live. The BOE is, in effect, building a narrative of panic, which could become self-fulfilling. The central bank’s proper role is to reassure and stand-by to stem panic.

Since 2010, official agencies have repeatedly promised global recovery. The forecasts fail because they all disregard inconvenient evidence. Now, the official consensus on the economic costs of Brexit has crossed the line into groupthink. A numerical illusion is masquerading as a “fact.” And when those in authority distort facts, they also subvert the cause of democracy.”

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