JCB quits CBI over Brexit stance
Construction machinery maker JCB, one of Britain’s biggest manufacturing businesses, has resigned from the Confederation of British Industry (CBI), reportedly in umbrage at its stance on foreign and economic policy.
The CBI took a relatively strong pro European Union line during the recent referendum, reflecting the views of the vast majority of its members. JCB owner Lord Bamford came out as a Leaver and advised his employees to follow suit.
CBI is now lobbying for the UK to remain a member of the single market outside of the EU.
A JCB spokesperson told Sky News that the company had ended its membership of the CBI, but did not give reasons why.
A CBI spokesperson said: "It's always a shame to see any member leave the CBI, but we recognise that businesses have competing priorities and we respect that."
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This article was published on 11 Oct 2016 (last updated on 11 Oct 2016).