Saturday 22 October 2011

CAUDWELL: EU REFERENDUM TALKS - UK NEEDS MORE SOVEREIGN CONTROL OVER ITS AFFAIRS.

JOHN CAUDWELL
@johndcaudwell
PRESS RELEASE

October 22, 2011.

CAUDWELL:  EU REFERENDUM TALKS - UK NEEDS MORE SOVEREIGN CONTROL OVER ITS AFFAIRS.

The three main political parties at Westminster have told their MPs to vote against a motion calling for a referendum to be held on UK membership of the EU. Commenting, entrepreneur John Caudwell said:

“Such a referendum would be a distraction but we do need commitment from our government to drive a reduction in the level of control the EU has over the UK - and for the UK to regain much more sovereign control over its own affairs.

Europe has been a huge political experiment; in fact, you could argue it’s actually been an ego trip, guaranteeing a place in the history books for its architects. The whole concept had some obvious advantages, but the huge disadvantages have been the loss of sovereign control, a significant increase in bureaucratic costs, and, for those who were trapped in the Euro, the inability of their economies to make the absolutely crucial economic adjustment of currency fluctuation – the UK should certainly never, ever consider going into the Euro.

“In fact, we should never have gone into Europe; it’s been a bureaucratic nightmare. But we’re in, for now, and we need to be on different terms than other EU states.”

In 2006, John Caudwell sold his 10,000-employee mobile phone business, which included Phones 4u, for £1.5bn. John now concentrates on charitable and philanthropic work including Caudwell Children @caudwellkids. John Caudwell videos on YouTube search CaudwellPhilanthropy

Ends

Further information:

Iain Macauley
07788 978800


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