“The single market is the best economic relationship Britain can have with Europe”.
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Asked whether he was setting out an alternative to Cameron’s government, he said that was not the plan.
Instead, the right to come to the United Kingdom would be based on skills. Research shows that the economy and immigration are the two top concerns among the British public.
Some 56pc said that they believed direct investment into the United Kingdom would decline in the five years after a vote for Brexit, while only 5pc believed that it would rise.
The Europe Union is the world’s largest economy, accounting for 16% of world trade, which gives it “tremendous bargaining power” in striking trade deals, the company chiefs said. “A Brexit could cause uncertainty for FDI, immigration and trade relations between the two strong partners”, said Pratik Dattani, Director – UK, Federation of Indian Chambers of Commerce & Industry (FICCI), also among the signatories.
“David Cameron’s renegotiation was another flight of fantasy which has achieved nothing”.
It means if voters opt to leave the European Union – dubbed a Brexit – in the upcoming referendum migrants could find themselves excluded from the EU for poor language skills or on the ground that their job isn’t deemed important enough.
Tory Chancellor George Osborne also weighed into the debate, calling the proposal “fantasy economics”.
The Ukip leader said: “That’s because Cameron can not answer one simple, basic question”.
Countries that have adopted an “Australian-style” immigration system have higher levels of immigration than the United Kingdom, official figures suggest.
The trio claim that their Australian style points system will create a fair chance for European Union citizens and commonwealth countries.
Having told the story of how he set up his own firm in Hackney, the peer stresses that “you could not be listening to a bigger gambler than me”. “English people don’t want more people from overseas coming here”. Every single year, Australia looks at what it thinks it needs to expand its country.
The result came as a surprise to traders in London’s financial district and the United Kingdom currency fell to a one-week low against the USA dollar.
“The points based system “skilled occupations list” includes not only surgeons and engineers (whom we already let in) but plumbers, electricians, builders”.
And Mr Farage dismissed the latest warnings from the OECD, saying: “I’m used to overpaid failures telling us that everything will be bad”. They were wrong then.
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In a statement, the presidents of the groups – which are overseas equivalents of the CBI – said they ” firmly wish to see the United Kingdom remain an active and positive member of the EU”.
