[Courtesy: The Week]
Nick King is right to point out that “small and family businesses make up 99% of the UK’s business population and create over three-quarters of new jobs”. Moreover, most of these businesses are also domestic-only and therefore do not trade with the EU, yet are still bound by its restrictive regulatory regime.
To listen to the apocalyptic siren calls of the Confederation of British Industry, the Bank of England, the Treasury and other usual Remain suspects about Brexit, one could be misled into assuming that our trade with the EU accounts for the majority of our GDP. In fact, the true figure is about 8%, and it continues to decline fast. It would be nice to have more honesty from the Remain lobby about the modest contribution of our EU-focused trade to our economic well-being. But this is probably too much to ask.
Nigel Henson,
Farningham, Kent
