Business leaders react to decision on EU referendum
Business leaders have given their reactions to Prime Minister David Cameron's promise of an EU referendum, with many endorsing the move.
In a letter to The Times, 55 business leaders welcomed the decision as 'a European policy that will be good for business and good for jobs in Britain.'
The signatories, who include the head of the London Stock Exchange, chairman of engineering firm Rolls Royce and the chief executive of the Kingfisher group, called for 'a new relationship with the EU, backed by democratic mandate.'
However, others have warned that the plans could create 'uncertainty' and prevent businesses from investing in the UK.
'If you don't know whether Britain is going to be a full positive member of the European Union in five years' time, you'll wonder if you want to make that additional investment,' commented Sir Andrew Cahn, the former chief executive of UK Trade and Investment.