The former managing director of Sony UK, Steve Dowdle, has called on Britain to leave the European Union.
Mr Dowdle (pictured) was one of 300 business people who signed a letter published in The Daily Telegraph (May 16), saying that the country’s “competitiveness is being undermined by our membership”.
According to the letter, Brussels’ “red tape stifles every one of Britain’s 5.4 million businesses”.
The letter claims that a Brexit would allow British businesses to “grow faster, expand into new markets and create more jobs”.
Signatories of the letter include Peter Goldstein, a founder of Superdrug, John Elliott, chairman of Ebac, David Sismey, a managing director of Goldman Sachs, and Sir Patrick Sheehy, the former chairman of British American Tobacco.
Responding to an ERT online poll asking whether leaving the EU would be good for the electrical retailing market, Mr Dowdle said: “Yes – Europe is a basket case and undemocratic. If the UK was given a free run in the world markets, then we would prosper and do more business.”