•Only 10.8% of UK businesses export internationally yet 100% of businesses must abide by EU regulations.

•Not all big businesses are in favour of EU. Asked if it would be better for the UK to quit an unreformed EU, Graeme MacDonald, who runs JCB said:

“I think it would be, because I really don’t think it would make a blind bit of difference to trade with Europe. There has been far too much scaremongering about things like jobs. I don’t think it’s in anyone’s interest to stop trade. I don’t think we or Brussels will put up trade barriers.”