In an interview with the Daily Telegraph on Friday, British Prime Minister David Cameron said he doesn’t favor the UK leaving the EU, and warned that the UK would become a sort of “big Switzerland” if it left the 27-nation bloc.

British Prime Minister David Cameron

Cameron said he will consider holding a referendum on Britain’s EU membership if the negotiations on a “new settlement” with Brussels do not restore more power to the UK in the EU. Cameron’s statement came after the British Chamber of Commerce (BCC) released the results of a poll of 2.000 businesses on the UK-EU relationship. The survey found that half of all companies say they want a looser relationship with the EU. Only 12 percent of the BBC’s members want to leave the EU, while 9 percent favor greater integration and 26 percent are happy with the status quo.