'Pulling out of EU bad for Oxfordshire economy' warns Vince Cable

The Oxford Times: Business Secretary Vince Cable visits Oxford Brookes University yesterday Buy this photo Business Secretary Vince Cable visits Oxford Brookes University yesterday

PULLING out of the European Union would be “seriously damaging” to Oxfordshire’s economy, the Business Secretary Vince Cable told the Oxford Mail yesterday.

Speaking before addressing students at Lady Margaret Hall, the Liberal Democrat MP said: “An ‘out’ vote would be seriously damaging indeed.

“I don’t think it’s likely that it will happen and all three party leaders have to varying degrees shown their support for staying in, but the mere risk of an out vote would be bad news for Britain, and for Oxfordshire.

“If there was one, it would cause massive insecurity and instability.”

He played down concerns that European firms like BMW and Siemens, both of which have major operations in Oxfordshire, felt uncomfortable about anti-EU sentiment in Britain.

He said: “I think most people discount it. It’s always the way that people are, pro or anti, it’s how democracy works.”

But he added: “If a no vote was to happen it would be disruptive for firms like BMW, which would worry if the single market was going to remain intact.”

Mr Cable also met students at Oxford & Cherwell Valley College and business leaders in Abingdon and called in at Oxford Brookes University’s Wheatley campus, where he visited the engineering department and talked to the team behind the Isis 12 racing car.

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Mr Cable, second left, is pictured talking to driver George Simmons, second right. 

Comments (3)

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10:37am Thu 14 Feb 13

Mark L. says...

"but the mere risk of an out vote would be bad news for Britain"- heaven forbid that the British people should be allowed to vote for what they want rather than what they are told to accept.
"but the mere risk of an out vote would be bad news for Britain"- heaven forbid that the British people should be allowed to vote for what they want rather than what they are told to accept. Mark L.
  • Score: 0

4:14pm Thu 14 Feb 13

grumpyofwhitecross says...

Have you ever heard a politician say yes to any question ? excluding " do you want a drink "
Have you ever heard a politician say yes to any question ? excluding " do you want a drink " grumpyofwhitecross
  • Score: 0

2:09am Fri 15 Feb 13

Alfie Nokes says...

"all three party leaders have to varying degrees shown their support for staying in" which is why anyone who voted, believing in either Bliar's or Macaroon's promises of being consulted, were wasted.

The vote whether to join the Common Market (not the beast we now feed) was in '75, after Ted Heath had already signed us up in '73.

I was too young to vote.
We know if we do get a vote and vote no, then, as per the Irish, we'll have a whole heap of our money spent of pro-Euro propaganda and told to go back to booths.

I for one, wish that UKIP stood for immediately recognizing the illegitimacy of our membership in the European Union and to call a Constitutional Convention so that the people can decide on not just whether the royal line should include females first but whether any of them should ever sit under the crown again.
"all three party leaders have to varying degrees shown their support for staying in" which is why anyone who voted, believing in either Bliar's or Macaroon's promises of being consulted, were wasted. The vote whether to join the Common Market (not the beast we now feed) was in '75, after Ted Heath had already signed us up in '73. I was too young to vote. We know if we do get a vote and vote no, then, as per the Irish, we'll have a whole heap of our money spent of pro-Euro propaganda and told to go back to booths. I for one, wish that UKIP stood for immediately recognizing the illegitimacy of our membership in the European Union and to call a Constitutional Convention so that the people can decide on not just whether the royal line should include females first but whether any of them should ever sit under the crown again. Alfie Nokes
  • Score: 0

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