NEW REPORT: UK small business under threat from TTIP

17 January 2016 - 9:15pm
Press release

Small businesses in the UK will be at risk of mass bankruptcy if the Transatlantic Trade and Investment Treaty (TTIP) is allowed to go through, according to a new report published today.

The report, Rough Trade: The threat of TTIP to small businesses in the UK, is published by the social justice campaign group War on Want as part of its ongoing fight to end the EU's unfair trade deals.

The publication coincides with the launch of a new Business Against TTIP platform in Britain, fronted by Entrepreneur of the Year Titus Sharpe. Thousands of firms have already signed up to parallel anti-TTIP websites in Germany, Austria and the Netherlands.

TTIP will grant US corporations greater access to the markets of Europe without having to comply with the same level of social and environmental regulation as in the EU, according to the report. 

Official predictions calculate that this unfair competition will result in the loss of at least 680,000 jobs across Europe.

Mark Dearn, War on Want trade campaigner and co-author of the report, said: "TTIP offers small businesses nothing, but thousands could fold if US firms are allowed into our markets without having to abide by EU rules. TTIP is a bonanza for big business, but a nightmare for everyone else. The UK government needs to come clean about the damage that TTIP will do to ordinary people struggling to make a living."

Only a tiny minority (0.5%) of UK small businesses are involved in the export of goods to the US market, according to official figures, while most are more concerned with protecting their home markets.

NOTES TO EDITORS

The new War on Want report, 'Rough Trade', can be downloaded here

The Business Against TTIP website can be viewed here

The authors of the report are available for interview on the following numbers:

Mark Dearn: +44 7804 289680

John Hilary: +44 7983 550727

 

Latest news

WATCH NOW: How garment workers are exploited

27 April 2017 - 5:00pm

War on Want’s Senior International Programmes Officer (Asia and the Pacific),Thulsi Narayanasamy, talks garment worker exploitation on 'Economic Divide'  (14 April 2017)

Read more

BDS is a legitimate means of protest against human rights abuse, says War on Want

27 April 2017 - 12:15pm

Campaigning for BDS is a legitimate means of protest, a fact that has been affirmed time and time again by bodies such as the European Union. It’s effectiveness is one of the main reasons why there is an organised campaign led by the Israeli government to shut it down. Students have every right to use their democratic rights to organise and exercise freedom of expression, and should be applauded for calling out violations of international law and human rights abuse.

Read more

Join the conversation

RT @protestencil: Students and staff @SOAS voted overwhelmingly for #BDS , so of course want #ApartheidOffCampus https://t.co/aISTOT0eJO 17 hours 14 min ago
@WarOnWant in solidarity on 28 April with all those killed at work #WorkersMemorialDay Poignant as we commemorate 4th Anniv of Rana Plaza 19 hours 52 min ago
Political prisoners hunger strike, day 11 'Palestinians launch general strike to support protesting prisoners' https://t.co/a6AxaURnTX 21 hours 17 min ago