Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-01-15-Speech-3-265-000"
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"en.20140115.35.3-265-000"2
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"Mr President, we are often told that half of the UK’s trade is with the European Union. It is actually now less than half, by all calculations, but let us not cavil – it is still a fairly large whack. However, only 14 % of our total GDP depends on the European Union because, in common with every other country, the majority of our economic activity is domestic. If you go to your newsagent and buy a newspaper, you are adding to the GDP of your country; you are not adding to its export figures. So 14 % of our GDP is with the EU, about 15 % is with the rest of the world and the other 71 % is domestic, yet the whole of the 100 % is subject to 100 % of regulations like these: the full mass of the
applies to the 86 % of our economy that is not related to the single market, as well as to the 14 % that is. If we want to make our countries more competitive, how about the following modest proposal: why not exempt the companies that do not engage in cross-border activity from the full mass of regulatory compliance with the single market?"@en1
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