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Kit Malthouse accused the Confederation of British Industry of wanting to cling on to the single market, which he said favoured big business.

The CBI and top firms are meeting Brexit secretary David Davis on Friday to push their desire to stay in the single market and customs union.

Appearing on Daily Politics on the BBC, the MP for North West Hampshire said: The CBI represents large businesses generally and it doesnt surprise me that they would want to cling on to this kind of corporatist racket that has suited them for so long.

Small business I think would have a much more different view.

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The EU is generally accepted to be a bit of a corporatist racket

Tory MP Kit Malthouse

Host Jo Coburn picked the former deputy mayor of London for business and enterprise up on the point.

She said: Is that how you regard the CBI, that their voice is clinging to a corporatist racket?

Mr Malthouse replied the European Union favoured enormous businesses who were not forward facing.

Yeah, I mean the EU is generally accepted to be a bit of a corporatist racket, he said. It favours enormous businesses who are not as agile, not as forward facing, not as globally facing and they like the protectionist approach of the EU.

So it doesnt surprise me that they want to hold on to it.

Britain's top business leaders are co-ordinating a plot to derail Brexit by demanding the country stay in the single market and customs union.

The CBI and the leaders of other top firms, are meeting Brexit secretary David Davis in Chevening, Kent, to push their case for a softerBrexit.

In a sign of whats to come, the CBI last night called on the Government to reach a deal with theEuropean Unionthat protects businesses and delays the UK's exit.

However, the Brexit team has said it wants the UK to leave the single market at the end of formal EU exit negotiations in March 2019.

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David Davis and Michel Barnier give a press conference at the end of a meeting at EU Commission in Brussels

Director General of the CBI,Carolyn Fairbairn warned that the likelihood that Britain would get this done on time was impossible.

Ms Fairbairn said: Instead of a cliff edge, the UK needs a bridge to the new EU deal.

Even with the greatest possible goodwill on both sides, its impossible to imagine the detail will be clear by the end of March 2019. This is a time to be realistic."

Her proposals would force Britain to accept free movement of EU citizens and still be governed by the European Court of Justice.

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'It's a corporatist racket!' Tory MP bashes big businesses for EU single market whining - Express.co.uk