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UK 'better off' in EU says CBI

The CBI has said staying in the European Union is "overwhelmingly" in Britain's interest, but that reforms are urgently needed.

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Farage: CBI report on EU 'deeply flawed'

Nigel Farage has hit out at a report published by the Confederation of British Industry that says the UK is "overwhelmingly" better off in the European Union.

Nigel Farage insisted that "leaving the EU would not mean turning our back on Europe." Credit: PA

The UKIP leader said: "There is this deeply flawed view that leaving the EU would somehow mean a sudden end to trading with Europe.

"The CBI does not consider the more realistic option that if we left the single market and freed ourselves from its red tape and politicised agenda we would still be able to continue to trade strongly with Europe on our own terms.

"Instead the CBI are proponents of this skewed view that Britain can renegotiate terms with the EU to create a more streamlined relationship.

"That would have to involve treaty change but the European Commission President Jose Manuel Barroso has ruled that out.

"Without treaty change there can be no significant renegotiation at all."

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