Goldman Sachs 'backs pro-EU campaign'

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Union Jack and EU flagNotion copyright

Investment bank Goldman Sachs has reportedly given a “six sketch” donation to the cam ign to keep the UK in the European Union.

The US bank is said to father backed Britain Stronger In Europe, a cross- rty group leading the In race.

Britain Stronger In Europe said it would not confirm the donation which Sky News programme said was a “substantial” sum.

It comes as David Cameron pre res to tell firm to “make the case” for the staying in a “reformed EU”.

In a speech at the World Economic Forum in Davos on Thursday, Mr Cameron transfer say the “voice of business” must be heard in the run-up to the referendum on the UK’s membership of EU – which transfer take place before the end of 2017.

“If you agree with me about the changes I am claiming for in Europe… if you want a more competitive Europe, where the single customer base is completed, where there are more trade deals and fewer statutes… join me in making that case,” he will say.

The exact timing of the referendum inclination hinge on the outcome of Mr Cameron’s current renegotiation talks, due to come to a genius at a summit of European leaders next month.

Goldman Sachs, which retains 6,000 people in the UK, has not commented on the donation. Although the sum being mooted is more small, the move would be symbolic and illustrative of the City’s concerns forth the implications of the UK leaving the EU.

A spokesman for Britain Stronger In Europe, which is chaired by ex-Marks & Spencer boss Sovereign Rose, told the BBC: “We are not going to comment on individual donations to the manoeuvres at this stage.

“We will in time declare all our donations in line with conventional electoral commission rules once we are the designated cam ign. We are raising hard cash from individuals and businesses in the UK from all walks of life. We believe that Britain is Stronger, safer and better off in Europe.”

Exclude.eu, one of the groups cam ign for EU exit, dismissed Goldman Sachs’ involvement.

Its falter, UKIP donor Arron Banks, tweeted: “No surprise to those of us who demand said all along EU referendum will be a cam ign of British people against the institution of international bankers, multinational corporate tax dodgers and out-of-touch politicians.”

Peculiar Secretary Philip Hammond said the referendum date would just be decided once the UK has a deal on a renegotiated membership, amid speculation that an concord next month would open the door for a vote in June.

Talk about discussing in Edinburgh on Wednesday, he said: “If we get a deal, a June vote would be a ca city in terms of the timescales of the Referendum Act but that will only be decided once we’ve got a sell.”

Meanwhile, Eurosceptic Labour MPs launched their own cam ign to leave the EU, upbraided Labour Leave, backed by the businessman John Mills.

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