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

Time for Tax Justice: Apple must pay and the European Commission must go further

31 August 2016 - 10:30am

A sweetheart tax deal between technology giant Apple and the Irish government has turned sour. The deal, declared illegal by the European Commission, has deprived the public of £11bn in tax revenue. Yet until all multinational companies are forced to publicly report the profits they make and taxes they pay everywhere they operate tax dodgers will continue want their cake and eat it.  It’s time for tax justice.

Read more

Time for governments to declare the end of TTIP and CETA

30 August 2016 - 1:00pm

Responding to news that France has demanded an end to TTIP talks, War on Want's Mark Dearn said: "It’s about time an EU government stepped up to the plate and listened to the people of Europe. Yet, opposing TTIP rings a little hollow when the same EU governments are still trying to force through the ‘Canadian TTIP’, CETA."

Read more

Join the conversation

After #AppleTax #McDonalds should be next! Read report here: https://t.co/Gl4OsWMVVm. #FightFor15 @FastfoodRights https://t.co/tnKy3WI6iV 1 hour 53 min ago
Austria joins France and Germany in the #NoTTIP gang. Stop negotiations immediately! https://t.co/Gkw7fCr22S #CETA https://t.co/h1Ozjv5c2h 2 hours 2 min ago