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TheCityUK back the case for Britain staying in the EU

March 25, 2014 11:00 AM
Originally published by UK Liberal Democrats

Independent financial services membership body, TheCityUK has today announced its latest forecast trade figures showing the importance of Britain's membership in the EU.

The report reveals that the UK's trade surplus in financial services now stands at a record £61bn, up 10% on 2012. More than £20bn of this trade is with other European member states making the EU Britain's largest single trading partner.

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In addition to the economic benefits of Britain's membership in the EU, the research also highlights the importance of remaining in the EU to voters. Public opinion research into the electorate's view on Europe shows the public's decision on staying or leaving the EU will be most swayed by economic factors, in particular the creation of jobs.

Commenting, Liberal Democrat Chief Secretary to the Treasury Danny Alexander said:

"We have a simple choice as a country - stay in the EU and protect millions of British jobs or leave the EU and put these jobs at risk. The financial services industry is today loud and clear that Britain's future should be in Europe to protect British jobs, boost exports and provide opportunities for young people.

"Liberal Democrats will be the only party making the case in the European elections that we are better off in the EU because it is vital to creating a stronger economy and protecting jobs across the country."