DHAKA: Former New York mayor Michael Bloomberg says that a Brexit vote on 23 June could hit UK-EU trade and leave British-based ‘employees worse off’.

And he warns financial jobs could leave London for Paris or Frankfurt.

Writing in The Times Bloomberg says ‘a vote to leave is a risk’ and asks ‘is the risk worth taking?’

Leave campaigners said the EU benefited ‘big businesses and fat cats who care about their bonuses’ but did not ‘work for the British people’.

Bloomberg’s name also appears on a letter, signed by a number of the major multinationals investing in the UK, warning of Brexit dangers.

This letter, which features firms such as Airbus, Microsoft, Cisco, Hitachi, Mars, and IBM warns that leaving the EU could ‘materially affect future investment decisions’ by companies such as theirs.

It goes on to say that ‘if there is one thing we as investors don't like, it is economic uncertainty’, and concludes that ‘as investors, it is therefore very much in our interest that Britain stays in the EU’.

BDST: 1630 HRS, MAY 19, 2016
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