EU must renew its priorities to keep pace

EU membership benefits the Irish and British economies, but reform is needed to ensure the union is more open and stays globally competitive, write Danny McCoy and John Cridland

Irish and British business, large, medium andsmall, is unequivocal — membership of the EU brings many benefits to both of our economies, but it must reform to become more open and stay globally competitive.

Access to a single market of 500m consumers has had a positive impact on firms, allowing Irish and British companies to sell their world-class goods and services throughout Europe, not to mention the boost to foreign direct investment from around the world that EU membership has brought.