East Anglia: Two out of five SME owners think UK should leave the EU

06:00 21 January 2013

Mike Randall, chief executive of Close Brothers Asset Finance

Mike Randall, chief executive of Close Brothers Asset Finance


BUSINESS owners across East Anglia are showing increasing scepticism about the benefits of European Union membership, according to a new survey.

The latest Close Brothers Business Barometer suggests that 41% of SME owner-managers in the region believe that the UK should leave the EU.

Of these respondents, 57% feel that struggling European countries threaten to bring the UK down with them and a further 29% simply believe the UK economy would be better off outside the EU.

Mike Randall, chief executive of Close Brothers Asset Finance, said: “Business owners seem to be questioning how much the EU really costs the UK.

“It’s not just how much we currently contribute to the budget that is worrying – it was approximately £12billionn in 2012 – but also how much they’re asking us to contribute over the next two years, a total rise of 5%.

“When we joined the EEC some 40 years ago we thought we were joining a large, prosperous market but the reality now is that the benefits are being questioned. As a nation we continue to struggle financially and the mood is that the never-ending Eurozone crisis could threaten to bring the UK down with it,” he added.

However, the survey also revealed that of those who don’t think the UK should quit the EU, 42% think that it could easily isolate the nation and that being part of the European community offers significant advantages when it comes to competing in a global marketplace.

“What’s clear is that firms across the UK are seeking stability and reassurance that their best efforts to recover won’t be thwarted by a greater force,” added Mr Randall. “The Government appears to be making plans for a more flexible agreement with Europe that will protect the best interests of British industry and business.

“Hopefully any new settlement will make businesses here feel comfortable and supported in their plans for future growth.”


  • I suppose thats a more "grabbing" headline than:- "Three out of five SME owners think the UK should stay in the EU. !

    Report this comment


    Monday, January 21, 2013

  • Is this a relaunch because nobody was inetersted in the similar poll on the same subject last week? Or is it to publicise Cameron the populist's latest vote grabbing scam? Vague promise of a referendum if you vote for me again, to woo back all the disaffected tories who've gone to UKIP. Didn't he promise a referendum during this government? I suppose Cleggy won't let him. What about all the other pre-election promises made by Cameron that are either broken or will remain unfulfilled? Perhaps the EDP could run a poll on what people think of that instead, under the headline '9 out of 10 Tory election promises broken or forgotten'.

    Report this comment

    Police Commissioner ???

    Tuesday, January 22, 2013

The views expressed in the above comments do not necessarily reflect the views of this site


Show Job Lists


Employers in East Anglia are paying staff more and looking at benefits packages in a bid to attract and retain staff.
Photo credit: Philip Toscano/PA Wire

If you excel at your job then now might be the time to speak to your boss about a pay rise or equally look for an upgrade in your benefits package.

                                 Managing Director of Bakers and Larners of Holt, Michael Baker, pictured at the Holt department store.


Family businesses are the lifeblood of the economy, but can often be weighed down by tradition. Now a report seeks to champion the region’s oldest family firms. Business writer SABAH MEDDINGS reports.

Green 100


Enjoy the Green 100
digital edition


Mustard TV

Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Shaun Lowthorpe

Business Publishing Editor


Sabah Meddings

Business Writer


Kate Royall

Business Writer


Duncan Abel

Business Development Manager

Business Most Read


Norfolk Future 50 EDP Business Awards Green 100

Newsletter Sign Up