CMC Markets CEO and former Tory treasurer Peter Cruddas has resigned from Business for New Europe. Commenting Cruddas said: “I signed up to Business for New Europe because I thought they were serious about pushing for reform in the EU. But I am disappointed that they have now launched the ‘in’ campaign which backs staying in the EU regardless of whether we get reform or not. I have therefore asked them to take me off their supporters list.” There is going to be two-way traffic in defections…

UPDATE:

@vote_leave @BNE_Group difficult for Peter Cruddas to leave BNE when he has never joined it — Roland Rudd (@RolandRudd) October 16, 2015

.@RolandRudd see this screen shot from your website- you were claiming he was a @BNE_Group supporter this morning pic.twitter.com/7Kp7ajYbxs — Vote Leave (@vote_leave) October 16, 2015

Awkward…