The former Foreign Secretary will argue that they are a "showcase of success"—but that Brexit would threaten themby Alex Dean / June 3, 2016 / Leave a comment
Britain has the fastest-growing financial services sector in the world, but a vote to leave the European Union on 23rd June would put that at risk, David Miliband is to claim.
The former Labour Foreign Secretary has also said that “Investment is encouraged, enhanced and emboldened by the UK’s membership of the European Union.”
He will make the comments during a tour of HSBC’s new development in Birmingham. The bank previously warned that it could shift jobs to Paris if the UK leaves the EU.
Miliband will argue that our EU membership has made us the third most sought-after country in the world for investment, and that it is creating ten new British jobs an hour.
But while our financial services are a “showcase of success”—the sector having created 50,000 jobs in Birmingham—they will be under threat if Britain leaves the EU, he will say.