Biba welcomes EU referendum pledge

Biba chief executive Eric Galbraith said he hopes a UK referendum on leaving the European Union (EU) is a sign of prime minister David Cameron’s commitment to a fairer market.

Earlier this week Cameron pledged to hold a referendum on the issue if the Conservatives are re-elected.

Galbraith said: “I agree it is the right time to have this debate given the significant changes and challenges in the EU over the years. We need a stronger voice in the EU decision-making process given that policies have a direct impact on UK businesses and consumers. A good example of this is how the recent Test-Achats gender case impacted the insurance sector and consumers in the UK.

“We often travel to Brussels to engage with EU stakeholders on behalf of members and look forward to developing a closer understanding of how the government seeks to take the agenda forward. While there is uncertainty on the final outcome, I hope that in the coming months and years the re-negotiation will emphasise the PM’s commitment to the EU to create a more competitive and fairer market.”

Biba head of corporate affairs Graeme Trudgill said: “Biba is pleased that Mr Cameron’s speech highlighted how competitiveness is being weakened by unnecessary rules and regulation coming from Europe. New upcoming EU directives could have a significant impact upon insurance brokers. In order to allow the UK economy to grow and generate new jobs, the right balance must be struck in Europe between consumer protection and a proportionate regulatory framework.”

In a statement, Biba said it would pass its members’ views on the issue on to government.