Belfast Telegraph

More business leaders 'backing Remain vote'

Support for Britain staying in the European Union among business leaders is hardening, according to a new survey.

A poll by the Institute of Directors (IoD) of 1,224 of its members found 63% backed Remain, up from 60% in February, while 29% supported Leave, down from 31% in the previous survey.

Despite the support for carrying on in the EU, 50% said they still thought the UK could make an economic success of leaving compared to 34% who disagreed.

IoD director general Simon Walker said: "IoD members have extensive business links across the European Union, importing and exporting, and employing EU citizens.

"They value access to the single market and the skills of workers from across the bloc. Increasingly, these economic arguments seem to be pointing company directors towards remaining an EU member.

"However, more members than not think the UK could ultimately make an economic success of leaving the EU, in particular believing that it would have a positive effect on employment red tape."