ehm no.
however there are certain exceptions that do mostly benefit small businesses:
there is one more exception from the 48hours for sea going vessels and offshore workers but I don't think that is of interest here
I am unsure as to how I stand with regards to this. The previous opt-out that Britain introduced but that was unspecific enough for all Member States to follow was in fact used to de facto ignore this directive. On the other hand while most of the other rules in this directive (including minimum rest periods and the like) can very well be defended with public health reasons these hard limits on work hours are too restrictive for most businesses imho (note: not even emergencies allow going over 48h per week within any 4 month period - so I can very easily create a scenario were people have to break this law in order to save lives...).
Now we'll have to see how this is going to be applied.