FTSE 100 bosses: it’s not our place to tell people how to vote

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FTSE 100 bosses are clearly not all fans of signing up to anti-Brexit letters in the newspapers; today, a host of them declared it was not their place to tell the public how to vote.  

While 200 business leaders have signed a letter published today urging the UK to stay in, the likes of Ladbrokes, Persimmon, InterContinental Hotels, Meggitt and Provident Financial stayed neutral.

Ladbrokes boss Jim Mullen, who said politics was “quite a decent market for us” (meaning people like to bet on it), added: “We are not getting involved in the politics of the debate, all we are interested in is the betting. I wouldn’t tell customers or colleagues what to vote, I want them to bet on it. All we are interested in is 2/5 that Britain remains in or 7/4 that we exit.”

Persimmon boss Jeff Fairburn said: “We as a board have decided to take a neutral stance so we’re keen that individuals make their own decisions.”

InterContinental chief Richard Solomons said the company was taking a neutral position, and played down the prospect of any significant impact on the business either way.

Peter Crook, boss of Provident Financial, said that the debate was a “second order issue for us” and had not been considered by the board. 

Barclays refused to sign the letter but said staying in was “in the interests of customers and clients”.

Heathrow’s John Holland-Kaye said staying would “secure our place as a powerhouse in the global economy”.

Aberdeen Asset Management boss Martin Gilbert said: “Britain can certainly survive outside the EU, although it would be inconvenient in the short term.” 

Sterling continued to fall after yesterday’s lows as Bank of England Governor Mark Carney likened the impact on sterling to last year’s Scottish referendum as it hit $1.4098.

Source Article from http://www.standard.co.uk/business/business-news/ftse-100-bosses-it-s-not-our-place-to-tell-people-how-to-vote-a3187191.html

February 24, 2016 |
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