Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-679-000"
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"en.20110913.44.2-679-000"2
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"Madam President, startling leaps in technology and transportation mean the natural environment for a business has ballooned. Past restrictions on interaction and collaboration have been removed by air travel and the Internet. The floodgates have opened up, increasing business opportunities, but this also creates a more crowded market place with greater competition. The Commission’s view of globalisation is that national borders are losing their significance. International competition now starts at home, so the role of the nation state in fostering entrepreneurialism and providing a suitable platform for its industries is more important than ever.
To stay ahead of the field, innovation and efficiency are essential. Globalisation not only rewards, but requires inventiveness and flexibility, yet the burden of EU legislation is bogging businesses down. An estimate by the Enterprise Commissioner suggests the burden of regulation costs the EU economy EUR 600 billion a year. From the Working Time Directive to the Agency Workers Directive, small companies are struggling through a bureaucratic quagmire that is stifling growth. A recent poll by ICM (the Institute of Credit Management) revealed that half of SMEs trading with the EU feel that the burden of regulation outweighs the benefits of the single market. 60% of UK businesses would renegotiate our relationship with the EU to return to a simple free trade area. The EU’s general attitude towards capitalism is to regard it with suspicion and contempt. By pushing forward erroneous social and employment policies, unifying welfare support across the Union, and promoting cumbersome rights legislation, the EU protects and rewards the work-shy, while aspiring entrepreneurs are demoralised, demonised and left without a safety net. The greatest enemy to SMEs is the EU itself."@en1
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