'Tough if not impossible to get the same economic benefits outside the EU'
The CBI has responded to the publication of a Government report assessing the alternatives to EU membership.
Paul Drechsler, CBI President:
“The UK has prospered within the EU and it would be tough, but more likely impossible, to get a deal from the outside that would replicate all the economic benefits that membership brings to British businesses.
“Half-way house relationships like those of Switzerland and Norway have serious drawbacks.
“They would give the UK no influence on European market rules despite being bound by them, little or no reduction in the commitment to free movement of labour, and would still mean contributions to the EU budget.”