UKIP MEP’s EU falsehoods condemned as damaging to small businesses and the economy

Late last year, UKIP MEP Paul Nuttall made some small waves (eg here) with a press release about an “outrageous” EU directive that requires small businesses to pay €25,000 to set up. The problem is that it is complete and utter nonsense.

The Directive in question has been in place for over 30 years and only applies to publicly traded companies – hardly your average small business.

When contacted by North West Lib Dem MEP Chris Davies, here’s what the Federation of Small Businesses had to say on UKIP’s blatant scaremongering:

It is clear that this directive only applies to PLCs and not to limited companies..

Nowadays it is hard enough for small businesses to start up and survive without knocking confidence further.  Publishing the wrong information is severely discouraging small businesses, especially start-ups.  While this deters the individual business, spreading false information could damage the recovery of our economy as a whole.

Indeed.

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2 responses to “UKIP MEP’s EU falsehoods condemned as damaging to small businesses and the economy

  1. Nevertheless, the EU requires an Englishman trading in his own country to pay them if he wishes to be able to raise capital by selling shares to the general public.

    Is that good for the economy?

  2. That’s what UKIP does. It makes up imaginary EU policies and then gets angry about them.

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