Britain is held back by its business culture, not the EU

British ministers call for less red tape, tax cuts for business, and reforms aimed at making it easier to hire and fire employees. Many Conservatives blame the regulatory burden on the EU, and want to either renegotiate the terms of Britain’s membership or withdraw altogether. With the notable exception of Liberal Democrat Business Secretary, Vince Cable, these ministers never mention business short-termism, and the British system of corporate governance that encourages it and undermines competitiveness.

• Primary Source

ESO: Background information: Cameron pledges to confront EU on red tape http://www.europeansources.info/record/cameron-pledges-to-confront-eu-on-red-tape/

ESO: Background information: Statement by President Barroso at the event with EU leaders on Regulatory Fitness, 24-25 October 2013 http://www.europeansources.info/record/speech-statement-by-president-barroso-at-the-event-with-eu-leaders-on-regulatory-fitness-24-25-october-2013/

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