plant equipment<\/a> manufacturer revealed it has terminated its membership, although neither side has shared publicly why.<\/p>\nHowever, it has been reported the split is thought to be over a differing of opinion relating to the EU referendum vote.<\/p>\n
JCB\u2019s boss Lord Bamford had been forthcoming in his support for Brexit during the campaign, making significant donations to Leave campaigns. The CBI, however, remained in favour of remaining in the EU and has been vocal about the government\u2019s plans to leave the single market.<\/p>\n
A CBI spokesperson said: \u201cIt’s always a shame to see any member leave the CBI, but we recognise that businesses have competing priorities and we respect that.”<\/p>\n
Speaking to the Daily Mail, Tory MP Jacob Rees-Mogg said: \u201cI\u2019d like to congratulate JCB on its perspicacity.<\/p>\n
\u201cIt is a model of a successful export business around the world and a representative of entrepreneurialism rather than stodgy protectionism.<\/p>\n
\u201cIn contrast, the CBI has an amazing record of getting everything wrong, whether it is opposing Margaret Thatcher\u2019s reforms or promoting the euro. I can see why some industrialists think they no longer want to spend the money on the subscriptions when they are so badly represented.\u201d<\/p>\n
\n<\/div>","protected":false},"excerpt":{"rendered":"
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