Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-112-000"

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"en.20111024.15.1-112-000"2
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"Mr President, I welcome the Commission’s proposals and I pay tribute to the work of Parliament’s rapporteurs. SMEs are the bread and butter of our economy. They are the reservoirs of entrepreneurial spirit, the employment generators and the embryos of tomorrow’s big businesses. In the past, they have too often been overlooked by the social partners representing big industry and big employers. Key to their success is access to finance. The European Investment Fund has been hugely important for small businesses in my constituency and I welcome the Commissioner’s commitment to consider new opportunities for venture capital. Mr President, access to finance is important and we need to ensure that our banking system, when recapitalised, is lending again to small businesses. We welcome too the Commission’s proposals on late payments. I hope the Commission will do something about simplifying VAT, particularly in cross- border transactions. I visited a local firm in my constituency, Foundrax in Somerton, who tell me there are currently some 27 VAT thresholds in place; that makes it very difficult for small businesses to trade. I hope, too, the Commission will look again at employment law, which requires impact assessments and sometimes sunset clauses to be able to deal with small businesses."@en1
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"Sir Graham Watson,"1
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