UK Papermakers want to remain in the EU, CPI survey shows
According to the latest member survey conducted by the Confederation of Paper Industries (CPI), the majority of UK papermakers want the UK to remain within the EU.
In details, 60% were in favour of staying, 34% felt unable to express a view and 6% were in favour of leaving.
The CPI explained the results underlining that "the industry is largely foreign owned and controlled from head offices located outside of the UK. Paper is internationally traded, as are products derived from the material and even its waste. The industry believes that it is essential that a tariff-free market operates across Europe where common standards prevail."
Moreover, "paper is a capital intensive sector and there is already evidence that projects are not being given the go ahead unless the pay back periods are very short term. Indeed, a vote to leave the EU is likely to result in a very lengthy period of uncertainty which will only increase the likelihood of future investment being deferred or even cancelled."
CPI Director General, David Workman, commented: “The views of our Members on this important issue should be taken seriously. The UK’s Paper-based industries are an important element of this country’s manufacturing base and we are inextricably tied to our neighbours within the EU. To break this tie and enter a lengthy period of uncertainty about our future trading relationship with it could prove to be very damaging indeed to our industry’s future prospects.”