Britain will suffer major job losses if it decides to leave the European Union, billionaire investor George Soros has warned.

George Soros Warns EU Brexit Will Cause UK Job Losses
Huffington Post UK | By Asa Bennett
Posted: 12/03/2014 12:30 GMT

http://www.huffingtonpost.co.uk/2014/03/12/george-soros-eu-jobs_n_4947885.html

Britain will suffer major job losses if it decides to leave the European Union, billionaire investor George Soros has warned.

Speaking to the Huffington Post UK, the hedge fund boss pointed to concerns expressed by multinational corporations about Britain's possible exit leading to job losses.

He said: "I'll leave it to the business community particuarly the multinationals that set up factories here as an entry point to the common market to explain to the British public what they stand to lose - in one word - jobs!"

Big husinesses like car giants Ford, Hyundai and Toyota, along with the Confederation of British Industry, have warned against Britain leaving the EU.

In response to Soros' remarks, Lib Dem business secretary Vince Cable said: "Many of the foreign investors I speak to have made it clear that our membership of the EU is one of the key reasons they choose to invest in Britain."

"Pulling out of the EU would mean losing unfettered access to our biggest export market and losing influence over its rules."

"Liberal Democrats want to see Britain standing tall in Europe so we can lead the drive for growth and jobs and preserve our status as a dynamic, open and outward-facing economy."

Soros, who infamously nearly broke the Bank of England in 1992 by betting around £10bn on the devaluation of the pound, spoke to mark the publication of his new book "The Tragedy of the European Union".

Soros earlier today told the BBC that the UK was in the "best of all worlds" as a member of the European Union and not of the eurozone currency area.

Europhiles argue that a British exit from the European Union could lead to up to 3 million job losses, a figure dismissed by Eurosceptics.

I wonder how much an investment he stands to lose if we pull out?

That is just what I was thinking Malena. The EU is for big business they love it. The average man is of no concern. They must take whatever the EU throws at them and is is mostly to their disadvantage.

fuzeta wrote:That is just what I was thinking Malena.  The EU is for big business they love it. The average man is of no concern.  They must take whatever the EU throws at them and is is mostly to their disadvantage.

That's just one reason why our country is in the shocking state it's in at the present time, fuzeta. Money and greed of businessmen trump everything, our people are lied to, their lives and aspirations count for nothing and as can be seen by the article, foreign 'entrepreneurs' are at the trough manipulating our politicians to further their investments.

Such articles as this make one wonder just why Brown found the literal give away price of our country's gold reserves such a bargain....

The talents, (for whatever they are worth) of Cameron or any of our 'Honourable Members' should be directed dictating our nations stance on EU membership for the benefit of the electorate, not to feather the nest of their funny handshake friends in other lands...

Businesses would lose if they weren't in the EU because they like getting there workers from the EU and paying them a pittance. The less money they pay them the more money goes in their pocket.


They won't employ British people because they won't pay them a living wage.