THE president of bosses’ club the Confederation of British Industry (CBI) revealed the reality behind “EU reform” yesterday, admitting he wanted the Tories to negotiate away workers’ rights. 

Tory PM David Cameron has promised an in-out referendum on Britain’s EU membership and the poll could be held as soon as next May. 

Speaking at the CBI’s annual bash, which was attended by Chancellor George Osborne, president Sir Mike Rake called for business leaders to “speak out early” about the benefits of staying in the EU.