Member since Jan. 18, 2016
As a small business owner, I am all too aware of how the EU has been hindering the economic growth of the 'backbone of Britain' – small and medium sized enterprises. Small businesses bring employment and opportunity to the country, and crucially, they bring freedom and choice for the consumer. They should be supported and celebrated, as they are fighting the monopolies that big businesses bring.
Only 5% of British businesses export to the EU; in fact 75% of the UK economy is made up of the service industry. That's absolutely vital when you consider that the top 100 more burdensome EU regulations cost UK businesses £33.3bn a year, with thousands of EU regulations they need to go through, and the EU doesn’t even have a single market in services. Those 95% of businesses that are not exporting to the EU, but that are still tied to these regulations, are losing out hugely.
The extra burden is affecting their ability to both hire extra staff, and to grow their business. Not only does this hinder businesses themselves, but it affects British people looking for employment.