DHAKA: Engineering giant Rolls Royce has written to employees saying it wants the UK to stay in the European Union.

Brexit would ‘limit any company’s ability to plan and budget for the future’, the firm said, reports the BBC.

Meanwhile, the CBI has said a vote to Leave would ‘put British businesses out in the cold’.

But Leave campaigners said the CBI does not represent British business and is ‘the voice of Brussels’.

Rolls-Royce chief executive Warren East said Brexit would give the aero-engine maker’s big American rivals a competitive advantage.

He told the Today program’s Dominic O'Connell that a planned £65m new engine testbed facility was a ‘good example’ of an investment that could be put at risk.

‘It’s all about uncertainty and our position in Europe.’

BDST: 1649 HRS, JUN 15, 2016
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