IAG's Willie Walsh: EU exit would be a 'blow' for UK economy

Willie Walsh said pulling out of the EU would be a 'mistake' for the UK

Willie Walsh, Chief executive of British Airways (Getty Images)

International Airlines Group chief executive Willie Walsh has refused to bow to demands that business leaders stay out of the debate on the UK’s future in the EU, warning that a potential exit would be a “blow” to UK companies.

His comments come after a warning at the Conservative Party Conference from a leading Eurosceptic, John Redwood, that business leaders could face “repercussions” if they campaigned to remain in the EU ahead of 2017’s in/out referendum.

Speaking on the inaugural flight of BA’s A380 superjumbo service to Washington yesterday, Walsh said: “I think Britain pulling out of the EU would be a blow to business, without question. From a business point of view it would be a mistake for the UK.”

“Isn’t that the same as saying politicians should not talk about business? It would be foolish to believe that businesses or CEOs should remain silent when they’ve got something to say.”

“Politicians historically have not been brave enough to make difficult decisions and I don’t think they’ll be brave enough going forward,” he said.

He believes that Heathrow will be a two-runway airport for the foreseeable future while the case for expanding Gatwick is “considerably weaker”. Sir Howard Davies’ Airports Com