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Donor vows to stop funding Tories if May takes UK out of single market
A Tory donor has said he will stop funding the party if Theresa May takes the UK out of the single market.

Sir Andrew Cook said jobs and exports were at risk if Brexit meant membership of the single market was sacrificed in order to curb immigration.

Cook, who has given more than £1.2m to the Conservatives, said the country could "sleepwalk to disaster" if the prime minister decided to go down that route, the Times reported.

Cook, the chairman of William Cook, which produces components for applications including rail, energy and defence, highlighted how much his company relied on exports to mainland Europe and the supply of skilled labour from the continent.

Speaking from Sheffield, he told BBC Radio 4's Today programme: "I'm trying to explain how critical the single market is to the real economy. Two miles away is one of my factories, with 200 people employed making engineering parts that go to France, Germany and Italy for pumps and so forth.

As Frank noted: 44% of UK exports go to the EU and only 4% of EU exports are destined for the UK

by Bernard on Sat Jan 7th, 2017 at 06:09:24 PM EST

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