One of Britain’s biggest exporters is to quit the CBI in protest at its stance against Brexit.
Anthony Bamford of JCB is believed to have decided to pull out over apocalyptic warnings that leaving the EU could cost £100billion and lead to 950,000 job losses.
It is understood the firm will remain in the pro-Brussels group only until its membership expires next year.
Lord Bamford, pictured here with former Prime Minister David Cameron has decided to leave the CBI after the organisation warned Britain could lose £100billion because of Brexit
‘JCB has taken the right decision – the CBI is one of the most irrelevant organisations ever formed,’ said Peter Hargreaves, founder of financial services firm Hargreaves Lansdown, last night.
‘Any employer that joins the CBI has gone soft. Businesses squander their money on it but it has no relevance in today’s world. I’d…