The recent shock of a Tory majority means we are potentially closer to a British exit from the European Union, with the imminence of a referendum before 2017.

Representing our biggest export market globally, we will need to lead the strong defence of our EU membership, as we know it is best for British business to stay in Europe, and it is also absolutely the right thing for the employees who work in those companies.

Over the past 18 months, businesses have already reacted to the Tories’ plans for a referendum with anger and frustration. During our parliamentary election campaigns, many of us will have spoken to representatives from major international businesses that have made it clear that they would consider moving headquarters and key operations from the UK to neighbouring EU countries in the event of a British exit.

Small businesses also fear the loss of our greatest export market. Standing in the Thames Valley, I heard from the regional local enterprise partnership, which brings together companies with aspirations to make the Thames Valley the ‘Tech valley of Europe’. An exit from the EU will clearly stop that ambition dead in its tracks.

With the prospect of an exit, comes great uncertainty. The Tories may not have carefully considered the damaging effects of this insecurity, but the credit rating agencies are already taking this into account. In 2014, the rating agency, Standard and Poor’s, explained that one of the greatest risks to the UK’s credit rating was the threat of an EU exit.

Through our defence of EU membership we are showing unrivalled support for the future and aspirations of British business. This is key to our concentration on economic growth and prosperity, which should define the agenda of any future Labour administration. We must build on the foundations of growth-focused policies that we have started to see in relation to discussions concerning the proposal for a British Investment Bank, and, at an EU level, the introduction of a commission vice-president for jobs, growth, investment and competitiveness, driven by support from Labour MEPs.

The vision of a strong Britain in Europe extends to the future prospects of our young people as they look to enter the world of work. Our university students should be further encouraged to engage with Europe (and further afield) during their degrees and studies. All apprenticeships should have part of their sights focused internationally, so that apprentices are ready to work in companies that cross borders, or are prepared when setting up their own start-ups which may trade with European partners. I am talking about the rich and vast range of apprentices who enter creative industries, tech, science and innovation, right through to our farriers and blacksmiths.

Whilst the fight to protect British business is of itself important, we also do this because it best represents the interests of our country’s workforce, which depends on commercial success for jobs and security. We will need to campaign hard and clear so that people are explicitly aware of how the EU has served employees – through the workers’ rights granted in respect of maternity, paternity, holiday, and redundancy entitlements, as well as enhanced workplace safety. With our MEPs, we must develop clear messages of how this progress can be taken forward.

We should not shy away from accepting that some institutional and strategic reforms are needed in the EU; and that we choose to do this proactively through engagement with European partners. We should advocate getting round the table and negotiating with other European countries, who may also feel strongly about issues such as migration, and financial accountability with regard to EU institutions. Therein lies one of the greatest and most cynical challenges to our campaign, as the proponents of a Brexit will try to promulgate fear and smear against the EU. We will not win the argument by denying some of the challenges, but we can frame the issues succinctly, and show that we have the best approach to the solutions.

If we can bring together an alliance of our country’s workers and businesses to remain part of the EU, for jobs, growth, security and employee rights, we will show Labour at its best, and with elements of the right mindset to win in 2020.

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Charles Smith is a Labour member and activist. He tweets @charlie_rsmith

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Photo: European parliament