THE company behind plans to build a huge wind turbine plant in Hull is among businesses backing a new report setting out the benefits of Britain staying in the European Union.
Siemens UK is one of 29 firms and groups to feature in the report from the CBI making the case for Britain’s ongoing membership.
In the report, Juergen Maier, chief executive of Siemens UK which is expected to create 1,000 jobs in Hull, says: “EU trade agreements like the one with the US reduce trade barriers and create significant opportunities for us in the UK with more exports and job creation.”
Telecoms firm BT and brewery business Adnams along with BMW, Ford and Airbus are among the companies featuring in the document launched today.
CBI director-general John Cridland said: ““While there are many benefits to EU membership, we should not be blind to the downsides and recognise the EU, like any big institution has its faults and needs to do better.
“The burden of regulation on smaller firms in particular still needs tackling, even if some progress is being made. And the UK must push for reform to make the whole of the EU more competitive in the global economy and deliver a Single Market fit for the 21st century.”