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Extracts from Danny Alexander's speech to TheCityUK

April 28, 2014 10:11 AM
Originally published by UK Liberal Democrats

Liberal Democrat Chief Secretary to Treasury Danny Alexander will warn that exiting the European Union will damage Britain's economic recovery.

In a speech at a CityUK event launching new research into the consequences of UK withdrawal from the EU, Danny Alexander, will say:


On the impact of withdrawal on our recovery and our prosperity in the long term:

"This is yet more powerful evidence that the UK pulling out of the EU is the very last thing our country needs. It will kill our hard earned recovery stone dead. All the progress that has been built on the hard work of millions of people and hundreds of thousands of British companies would be squandered. We will be left isolated in the margins and our future prosperity will be limited for generations."

On the key points from the reports, and how the reports add to a growing body of evidence from key business leaders and bodies:

"This rigorous and in depth work clearly shows that leaving the EU will lead to higher prices, higher unemployment, lower growth and lower real wages....... The list of business leaders setting out that Britain's continued membership of the EU is one of the main reasons for investing here is beginning to look like a Who's Who of British industry."

On UKIP and the Anti European Conservatives:

"This expert research is further damning evidence that UKIP and the anti European Tories are the worst kind of snake oil salesmen. In calling for the EU withdrawal they are peddling a false cure that would kill the UK recovery and hurt every business and family in Britain."

Specifically on UKIP:

"There is considerable controversy about UKIP. You could say that they appear to almost revel in it. Are the posters racist? Are the offensive remarks of some of their members typical of the whole? Was their 2010 manifesto 'potty'? All of interest - and believe me, I have strong views about them. But these issues detract from the most important question- Who is right and who is wrong on the central question of whether remaining in the EU is in the best interests of our people in terms of jobs, prosperity and security. I believe that your reports today are further powerful evidence that the UKIP position of withdrawal from the EU is wrong. Wrong on jobs. Wrong on prosperity. Wrong on security".

On the forthcoming elections to the European Elections:

"My Party, the Liberal Democrats, are emphatically the party of IN. Not because we have an irrational love of the EU, but because, as these reports show, IN means being IN work. Being IN work is a pre-requisite for us to build the stronger economy and fairer society that Britain deserves".