UK businesses better off if Britain quits the EU

London

No wonder support for Britain's European Union membership among small and medium-sized businesses is crumbling. Opinion is moving in favour of "Leave" among business-owners no longer cowed by self-serving multinationals and big-business lobby groups such as the Confederation of British Industry.

A survey by my old employer, the British Chambers of Commerce, in May showed a seven percentage point increase in the number of business people supporting "Leave" - to 37 per cent - compared with the last survey in February. Of the firms trading only in the UK, a majority now favour leaving, as do those who export only outside Europe; roughly 95 per cent of UK businesses fall into one of these two categories.