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.

CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
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.