Sir Martin Sorrell blasts Cameron's referendum announcement
WPP chief executive, Sir Martin Sorrell, has blasted Prime Minister David Cameron's decision to hold a referendum on Europe if the Conservative win the next general election.
In an interview with CNN International, Sorrell said from a WPP perspective the decision would only give people another reason to postpone investment decision, referring to advertising budgets WPP agencies readily rely on.
He said : "This is a political decision, not an economic decision. If I'm looking at it from the point of view of WPP, it’s not good news. It’s at best neutral, at worst negative. So it can't be positive. You just added another reason why people are going to postpone investment decisions. And that last thing we need is people postponing more."
In a EU speech given today, Cameron said he would commit to holding a referendum on the UK’s future in Europe if he wins the next election in 2015.
This article was first published on campaignlive.co.uk
- Marketing Manager Fidelity Worldwide Investment Dependent on Experience, Surrey
- Technical SEO Senior Executive Ultimate Asset £23000 - £30000 per annum + Amazing Benefits, London
- PPC Account Director Ultimate Asset £40000 - £50000 per annum + Amazing Benefits + Bonus, London
- Head of SEO Ultimate Asset £50000 - £65000 per annum + Amazing Benefits, London
- Senior SEO Account Manager Ultimate Asset £35000 - £45000 per annum + Amazing Benefits, London