DURING the 2016 Brexit referendum campaign, senior executives at big businesses strongly favoured remaining in the EU but the real reason why they backed Remain was not what people might think, Conservative MEP Daniel Hannan claimed in his bombshell book.
Ahead of the Brexit vote on June 23, 2016, a YouGov poll showed small business owners were more eurosceptic than big businesses. In his 2016 book "What next: How to get the best from Brexit", Conservative MEP and Leave campaigner Daniel Hannan claimed there was a particular reason why the business community was more fragmented on the issue than the views of big banks and FTSE companies. Mr Hannan suggested that the Remain campaign was funded by corporate giants who, in return, received over £100million in grants from Brussels.
He wrote: “The Remain campaign was funded by megabucks and corporate giants, including Goldman Sachs, J.P. Morgan and Morgan Stanley.
“A moment’s research showed that these companies had collectively spent €21.3 million lobbying the EU, and got back €120.9million in grants from Brussels.
However, the Conservative politician added that money was not “the least of it” as there were other “ulterior motives” behind the senior executives’ European sentiment.
Mr Hannan explained: “Far more damaging is the way big firms lobby to get rules that suit them and hurt their competitors.