Billionaire Welsh businessman Sir Terry Matthews has backed the campaign to keep the UK in the European Union. Newport’s Celtic Manor boss is one of 198 business leaders to sign a letter published in the Times saying an EU exit would deter investment in the UK. They say the UK needs access to the European market, but Leave.EU said leaving would cut regulation and costs.
Three firms from Cardiff and Vale of Glamorgan have also signed the letter.
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Leaders of 36 FTSE 100 companies were among those who signed the letter, which Downing Street described as “unprecedented”.
Smaller Welsh firms which signed it included Cathy Owens, director of political consultancy Deryn Consulting in Cardiff; Kasim Ali, director of Waterloo Tea Limited in Penarth; and Daniel Williams, managing director of The Bottle Shop (Penarth).