David Cameron: Leaving the EU would be a 'national error'
David Cameron has pleaded with voters not to commit the “national error” of leaving the European Union, as he tries to appeal to Labour-leaning voters ahead of June's referendum.
The Prime Minister has written in the Daily Mirror that it is the "poorest and most vulnerable" who would suffer most under Brexit.
But the Leave camp has been boosted by a letter to the Telegraph by 300 business leaders arguing EU regulations hold back the UK’s competitiveness.
Mr Cameron used last week’s warning from the Bank of England that Brexit could tip the UK into recession and cause a fall in the value of the pound to say Britons could be hit "in the pocket" if it leaves the EU.
“We know all too well who’s hit hardest in a recession - the poorest and most vulnerable,” he wrote.
“We’re fighting for lower prices. It’s widely accepted – even by those who want to leave – that leaving would knock our currency.
“Hurt the pound and you hit people in the pocket because the price of the food we import goes up.”
He said the Leave team was “fixated on some sort of grand exit from the European Union,” but added: “What might feel like an act of national defiance could actually lead to our national decline.”
He concluded: “It’s my steadfast belief leaving Europe would be a national error
“So to Mirror readers I say: Don’t take a punt on the future of our country. Keep Britain stronger, safer and better off. And on 23 June, vote to remain.”
The pro-Brexit businesspeople, though, said the EU was harming Britain’s prospects.
“Britain’s competitiveness is being undermined by our membership of a failing EU,” they wrote.
“Year-on-year the EU buys less from Britain because its economies are stagnant and millions of people are unemployed.
"According to Mervyn King, the former governor of the Bank of England, the euro ‘might explode’.
"Brussels’ red tape stifles every one of Britain’s 5.4 million businesses, even though only a small minority actually trade with the EU.
“It is business – not government – which generates wealth for the Treasury and jobs for our communities.
"Outside the EU, British business will be free to grow faster, expand into new markets and create more jobs. It’s time to vote leave and take back control.”
Among the signatories were the founder of Superdrug, a managing director at Goldman Sachs, and the chairman of the Wetherspoon pub chain.