Dithering over the UK's future in the EU is the last thing the British economy needs right now and for the sake of SMEs, the Prime Minister needs to bring some certainty to the table.
The impact on the British economy and Sterling of a UK withdrawal from full EU membership is potentially enormous. Even speculation around such a move is making waves both here and abroad, as recent warnings out of Europe and the US have demonstrated. Matters of immigration, employment, taxation, trade and investment, tariffs as well as exports and imports are just some of those overseen by the EU, which would likely need to be redefined if the UK were to go it alone.
While this may create a favourable opportunity for British businesses, as the opportunity could be seized to cut red tape and enhance growth policies, or cause woes for Britain by isolating it from its major trading partners in Europe, the main concern at present is the lack of certainty over the government's stance on the issue. Such uncertainty is causing volatility in the currency markets and hindering the ability of UK businesses large and small to plan for their future.
It is crucial this debate reaches the light of day and is explored in full, instead of being left simmering in the background. The global economy is uncertain enough in 2013 for British firms and employees, without blurring the lines even further by avoiding the issue.
For more information on Smart Currency Business call: 0845 638 0571 (or +44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyBusiness.com
The impact on the British economy and Sterling of a UK withdrawal from full EU membership is potentially enormous. Even speculation around such a move is making waves both here and abroad, as recent warnings out of Europe and the US have demonstrated. Matters of immigration, employment, taxation, trade and investment, tariffs as well as exports and imports are just some of those overseen by the EU, which would likely need to be redefined if the UK were to go it alone.
While this may create a favourable opportunity for British businesses, as the opportunity could be seized to cut red tape and enhance growth policies, or cause woes for Britain by isolating it from its major trading partners in Europe, the main concern at present is the lack of certainty over the government's stance on the issue. Such uncertainty is causing volatility in the currency markets and hindering the ability of UK businesses large and small to plan for their future.
It is crucial this debate reaches the light of day and is explored in full, instead of being left simmering in the background. The global economy is uncertain enough in 2013 for British firms and employees, without blurring the lines even further by avoiding the issue.
For more information on Smart Currency Business call: 0845 638 0571 (or +44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyBusiness.com
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