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

Make Amazon Pay – Global Demands

26 November 2020 - 4:15pm

make amazon pay

War on Want is part of the Make Amazon Pay coalition, which represents over 200 million workers and activists across the planet.

Read more

UK agrochemicals kill peasants across the Global South

16 October 2020 - 6:00pm

UK is the one of the largest exporters of agrochemicals banned in the UK and EU

Read more

Join the conversation

And read our full report to learn more about the fight to reclaim the global food system: https://t.co/RsZOkSMgXn 10 hours 31 min ago
1% of farms own 70% of world’s farmland, whilst 80% of the world are fed by small family farms on just 24% of land…… https://t.co/nPpdbjGWfY 10 hours 37 min ago
But movements all over the world are fighting back: by taking control of their own food systems to feed people more… https://t.co/B8rXyODAyn 10 hours 37 min ago