The EU just forced the Brit government to pass a law killing a specific company that operated quite legally. That makes the EU toxic for business, and my new company will be registered outside the EU. Other new companies will follow, so there goes London’s lead over NYC.
The sad tale (my ellipsis): .
..Bowland Dairies in Nelson (was) an £8-million-a-year business making curd cheese, mostly exported to five EU countries,…. On June 12, inspectors of the European Commission’s Food and Veterinary Office (FVO) visited the plant for 90 minutes, looked through the paperwork and, after misinterpreting one document, issued a “rapid alert notice” that its products were unsafe. The milk in the cheese, they claimed, broke EU rules on antibiotic residues.
The Brit food safety organization rechecked the company and confirmed there wasn’t a problem, But the EU insisted, so the company appealed to the European Court of Justice, which also ruled the company was fine.
So the EU just made a law against the company (my ellipsis and emphasis):
..(The EU) warned (the UK) that (it) was about to carry out a full audit of Britain’s £5-billion-a-year cheese industry… (and the UK) bowed to the commission’s diktat.
On October 16 it rushed through a statutory instrument, the Curd Cheese (Restriction on Placing on the Market) Regulations 2006, to take immediate effect. Section 3 read “No person shall place on the market any curd cheese manufactured by Bowland Dairy Products Limited”.
That finally worked and the company is now gone.
Of course the EU is all about corruption – that’s why its accounts have been qualified by its auditors for 11 years running. But forcing a member state to take out a named company that is operating legally makes SOX pale into insignificance as a business killer.
Because from now on any EU business that doesn’t make nice to the Eurocrats will be shut down.
We were planning to register our next company in the UK – now we won’t.