The full realisation of Europe’s social and economic potential has been deeply impaired by the financial crisis and a loss of global competitiveness. Growth has been unacceptably slow and unemployment, particularly of the young, is a major social issue throughout much of the EU. Returning to long-term economic growth is essential to the EU’s ability to deliver on the promise of peace and prosperity.
Reform is vital if the EU is to be successful in meeting the challenges ahead and securing future economic prosperity for all its people. TheCityUK has undertaken three major pieces of research which have shown strong support from business for the UK to remain in a reformed EU based on a broader and deeper Single Market. The free movement of goods, capital, services and people is at the heart of the European Union’s ambitions for a fully functioning Single Market. Significant enhancement of the Single Market is the only way for Europe to make major progress towards improving its competitiveness in world markets.
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