UK Lord Rothschild: Brexit would be 'damaging and disorderly' - Family businesses has enjoyed operating across Europe

Lord Rothschild: Brexit would be 'damaging and disorderly'

Family businesses has enjoyed operating across Europe

lord-rothschild

Lord Jacob Rothschild has said leaving the EU could lead to a "damaging and disorderly situation" in the UK as he urged Britons to vote 'remain'.

Writing in a comment piece for the The Times, Lord Rothschild, said readers should not "risk the wellbeing of our country"and European countries are "better off together".

Rothschild (pictured), who chairs the RIT Capital Partners investment trust, refers to his family businesses which originated with five brothers setting up the "first truly international banking system," operating from London, Paris, Vienna, Naples and Frankfurt at the end of the 18th century.




He said: "The brothers, working together to exchange information and ideas, built an extraordinary business that operated across boundaries and cultures.

"150 years later, the foundation of the EEC operated on similar principles, namely that we are stronger and better off together."

Rothschild also alludes to a number of major independent institutions, including the IMF, OECD and the Bank of England, all of which have warned against leaving the EU as it would cause the UK economy to suffer.

The OECD have said UK GDP could fall more than 3% in the case of a Brexit and believes the UK's "economic dynamism and productivity" would suffer.

Lord Rothschild: 'We may well be in the eye of a storm'

Commenting on political and foreign policy, Rothschild said we live in a time when "international order based on co-operation is crucial to prosperity and security".

He added: "At present we enjoy being a permanent member of the UN security council and we are essential to the G8 and Commonwealth. But diplomacy, defence, the environment and our values of being a liberal democracy will all be at risk."

He also pointed out that a vote to leave the EU would increase the risk of Scotland calling for another referendum and the future of the UK as a coherent entity will be at stake.

"I can see no good reason why we should accept our playing a diminished role on the world stage," he said.

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Comment by Less Prone on June 28, 2016 at 10:34am

You have to read the comments of these manipulators of societies very carefully. It's the Orwellian double talk they use, where things are not what they seem for the ordinary indoctrinated people.

EU bureaucracy  is killing small businesses. The family business he's referring to is the one of the usury cabal mafia he's the head of. The same usury cabal has bought the politicians and public disservants and driven countries deeper and deeper in debt. So their debt industry is flourishing in expense of the people. 

EURO exchange rate is too high for export industry. countries cannot adapt their cost of production as they haven't their own currency. 

They are directing a flow of terrorists into Europe in order to destroy the societies, to create chaos and to prepare Europe for civil wars and finally global dictatorship.

Let the European Union break down for the benefit of us all.

Comment by DTOM on June 28, 2016 at 7:45am

The things that are so glaringly obvious in this article...

Family businesses has enjoyed operating across Europe

Yeah, I sure they have

"risk the wellbeing of our country"

With the possessive "OUR" being the key word - He ISN"T referring to the people of the UK.

"I can see no good reason why we should accept our playing a diminished role on the world stage," he said.

Again he isn't referring to the UK.

Is that a threat?

Bring it...

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