- MarketPulse - https://www.marketpulse.com -

Longworth resigns as BCC chief over support for Brexit

John Longworth resigned on Sunday night as director-general of the British Chambers of Commerce after being drawn into a political row over his support for the UK to leave the European Union.

The surprise decision illustrates the increasingly febrile atmosphere around the impending referendum on EU membership on June 23.

The support of major business figures is seen as critical by both camps given the fundamental economic arguments over Brexit.

The Financial Times revealed on Friday evening that Mr Longworth had been suspended after making several high-profile interventions in favour of leaving the EU.

Critics within the organisation claimed that he had breached the group’s self-ordained position of neutrality over the June referendum.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [5]

Senior Market Analyst, UK & EMEA at OANDA [6]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [5])