Courtesy of Mish.
The former CEO of HSBC, Michael Geoghegan, joined a chorus of 250 business leaders who think Brexit is a good idea.
The current and former CEOs of HSBC do not see eye-to-eye in this debate.
Back in January, the current CEO, Douglas Flint, threatened to move 1,000 investment jobs to Paris if the UK were to leave the EU.
It appears Flint has not thought through the ramifications of a financial transaction tax that will be crammed down his throat (among other things) shortly after the UK elects to stay in.
Meanwhile, a YouGov poll of over 1,000 small and medium sized enterprise (SMEs) shows a mere 14% percent believe the EU market things easier for them.
Bloomberg reports Campaign Backing U.K. Exit From EU Adds 250 Business Executives.
Former HSBC Holdings Plc Chief Executive Officer Michael Geoghegan is among 250 business leaders backing the push for the U.K. to leave the European Union.
“With our growing list of business supporters, Vote Leave will make that case that whilst the EU may be good for big multinationals, for smaller businesses it acts as a job destruction regulatory machine,” said Matthew Elliott, CEO of the group. “Jobs, wages and the economy will thrive when we take back control.”
Vote Leave also released a YouGov poll of over 1,000 small and medium-sized enterprises that showed just 14 percent believe the EU makes it easier for their business to employ people.
Project Fear
In-crowd fear mongering has picked up steam. Prime minister David Cameron and the Bank of England are both in on it.
