Businesses’ threats on political questions are empty and silly

Quitting the European Union would leave the UK worse off. Prices would be higher, there would be fewer jobs, and exports would slow down. At least, that is according to a report published on Monday morning by The City UK, the trade group that lobbies for the interests of the financial sector.

The arguments were hardly unfamiliar to anyone who has followed this debate over the years. Nor were they very likely to change anyone’s minds. It is hard to see why they bothered.

Business has increasingly been getting involved in Britain’s debates over national identity. A series of companies [...]

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