Jeremy Corbyn finally announced that his party will campaign for Britain’s staying in the EU no matter what the outcome of Mr Cameron’s ongoing renegotiation process is.  This ends all the speculations and uncertainty over Labour’s standing in the forthcoming EU referendum. Corbyn made this announcement in a joint statement with the shadow foreign secretary Hilary Benn.

In his statement he pointed out the key benefits of Britain’s staying in the European Union. He described that EU membership will help Britain to encourage investment, secure growth, create jobs and handle the issues that cross borders, for example the current refugee crisis, tax havens, terrorism, and climate change.

Corbyn and Benn said that if Mr Cameron’s ongoing renegotiation process with the EU leaders results in a poorer deal for UK workers (for example attrition of employment rights), Labour would vow to reverse the changes if it were elected.  Corbyn said that Labour will oppose any endeavor by the Tory government to weaken employment rights in Britain.

Corbyn said that Labour is clear that the respond to any harmful changes that Mr Cameron’s current renegotiation process brings back is not leaving the European Union. The answer is pledging to reserve the changes. That’s why, he believes, Labour will campaign to stay in the EU regardless of the outcome of the renegotiation and if elected in 2020 election it will pledge to reserve any harmful changes brought about by Mr Cameron’s renegotiation.

The EU referendum is due by the end of 2017 and things seem to move quite fast as the pro-EU business leaders are always vocal about disadvantages of Britain’s leaving the EU. A recent poll conducted on more than 6000 members of Federation of Small Business (FSB) showed 47% supports UK to remain in the EU and 41% against it.

So far, things may seem like UK will remain in the EU, but the referendum is still a long way out, and things can change quite fast as more debates on possible advantages and disadvantages of remaining in and leaving from EU take place. Many people are still undecided as they are not clear about advantages and disadvantages of leaving the EU. As more impartial information on different aspects of the EU referendum is circulated, things can change and make it quite a race.