Small firms urged to vote on EU referendum

posted by 4 years ago in News

UK small business leaders have been told they must have their say in the forthcoming EU referendum by chancellor George Osborne. He addressed delegates on the topic at a conference held by the Federation of Small Businesses (FSB) in London.

Osborne was eager to point out that it’s our country’s SME leaders who will be “on the sharp end” of the decision and the economic consequences. It comes as European council president Donald Tusk published draft plans of the new terms. David Cameron is pushing for a vote to take place in June.

Speaking on Tuesday at a conference in London held by the Federation of Small Businesses (FSB) the chancellor, who has welcomed the talks to renegotiate Britain’s relationship with the EU, said: “I want to make sure that you, as small businesses, have your voices heard because you are going to be on the sharp end of the economic consequences of the decision that the country takes and the potential uncertainty that may follow.”

So what are some of the new concessions and how would they affect small businesses?

Immigration                                                                          

The plan offers an “emergency brake” on in-work benefits for people coming into Britain from the EU of up to four years if there is pressure on a particular member state, which would have to be approved by the EU council.

Sovereignty

A “red-card” system has been proposed, which would allow a group of national parliaments making up more than 55% of votes on the council to be able to veto EU legislation which could adversely affect businesses.

Competitiveness

Concrete steps will be taken towards better regulation and reducing administrative burdens according to the draft plans. It’s hoped this will increase competitiveness and cut red tape for businesses.

Economic governance

The Tusk document states that British taxpayers’ money can never be liable to support the eurozone.

David Cameron is attempting to sell his EU reform deal to MPs today.