Introduction
Being among the 27 states in the European Union (EU), the United Kingdom (UK) is subject to the policies of trade adopted by the community. Consequently, this has affected UK’s businesses both positively and negatively.
Body
The EU encourages innovations in business through funding research projects in technology, thus companies now use sophisticated technologies in production. Consequently, volumes of production have greatly increased especially in small and medium-based enterprises in the UK (Hegarty and Fredrick 2008, p.34). Export of local goods has increased, thereby increasing the government’s revenue. Moreover, through the EU funding, UK is able to expand ...
