British EU exit wouldn’t ‘make a difference’

One of the titans of British industry has dismissed fears over the UK’s possible EU exit with its chief executive describing claims of potential jobs losses as scaremongering.

JCB chief Graeme MacDonald said a British exit would not make “one blind bit of difference to trade with Europe” given the importance of the UK market.

Mr MacDonald said the level of bureaucracy associated with doing business in European markets is prohibitive and claimed that trade would not be impeded by British or European authorities if the UK was to leave the EU.