Commenting on the report by campaigning group Business for Britain which calls for firms that do not export to the rest of the EU to be exempt from EU regulations, Leader of the Liberal Democrat MEPs Fiona Hall said:
“Ironically, this proposal would lead to less business for Britain and an increase in red tape. Having multiple sets of rules would carve the British economy in two and create a bureaucratic nightmare for businesses seeking to expand into the rest of Europe.
“Liberal Democrats have led on reforming the EU to improve its competitiveness, including by exempting small businesses from costly accounting requirements. This should be everybody’s priority.
“Rather than putting forward half-baked proposals, Business for Britain should be honest and admit that their real intention is to pull us out of the EU altogether, something which businesses in the UK are overwhelmingly against.”
Business Secretary Vince Cable added:
“One in 10 jobs in the UK rely on trade with the EU. By being in the EU, British businesses also benefit from a common set of rules to do business and attract foreign investors. We should be supporting all British businesses to take advantage of the single market, not holding them back by shutting the door on the biggest trading block in the world.”