Ed Miliband Warns UK About EU Referendum Wreaking Havoc with Business

Ed Miliband will attempt to win over a reluctant business community on Monday by warning that an EU referendum proposed by David Cameron would trigger a bitter two-year campaign in which a re-elected Tory party would tear itself apart over whether the UK should remain in Europe.

As the Labour leader launches the party’s business manifesto, aides are suggesting the proposed referendum would be a recipe for chaos as would-be successors to Cameron fight for support from an overwhelmingly sceptical party membership.

The attack has been launched as Cameron prepares to see the Queen on Monday afternoon to seek the dissolution of parliament, signalling the official start of the general election campaign.

Following a flat start to the Tories’ campaign, the prime minister will launch a fresh offensive on Miliband’s economic credibility, claiming that Labour’s policies will cost more than £3,000 in higher taxes for working families.

Conservative sources say this will be the spearhead for attacks on what party officials believe is Labour’s major weakness with the electorate.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza