Sunday, 12 June 2016

How the EU is more than access to scale in the single market for small business for the UK knowledge economy

A recent article stated that four percent of UK small businesses reach a turnover of greater than £1 million and more than 10 people after 10 years. The ability to manufacture product in the UK has been reported on many occasions and the fact that we export more services to Europe than product is not a surprise. Famous brands such as Rolls Royce and Bentley are German owned and Jaguar’s recent success has gone to TATA as the company’s owner.

Keeping with automotive brands Aston Martin is largely foreign owned and lack of investment has meant that the it has suffered in product development, showing that the brand it has is still strong enough to maintain its kudos. What the UK does not lack is world leading knowledge production, and this is not transferable to foreign entities