UK Should Leave This ‘Very Expensive Club’

The U.K. should take the opportunity in June to leave the “a very expensive club” – the European Union – a prominent business leader and pro-Brexit campaigner said.

John Mills, chairman of consumer products company, the JML Group, told CNBC that the “general direction of travel” in the European Union (EU) worried him.

“The EU is going to have to become much more federalized, much more centralized if the euro zone is to be kept in one piece and I do think this provides quite substantial threats to the U.K.” he said.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.