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Encouraging growth - 'we need action to match that rhetoric'
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Posted in Employers on May 28, 2012 by Richard Hayden
Sir Richard Branson has recently urged the government to consider reducing business rates and easing regulations, which many cite as hampering growth of the UK economy.
In a conversation with The Observer Branson said that the government needed to encourage banks to lend to businesses and that the government could consider policies such as a National Insurance holiday on hiring people for the first two years.
Other leading businessmen including Sir Martin Sorrell and Luke Johnson backed Branson’s criticisms of the governments’ strategy. Sir Richard Branson stated that in order to foster growth "we need to get behind the small and medium-sized businesses that are the engines of any healthy economy".
"They need investment and finance, and that comes from the big banks. The politicians talk of encouraging lending; we need action to match that rhetoric."
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In a conversation with The Observer Branson said that the government needed to encourage banks to lend to businesses and that the government could consider policies such as a National Insurance holiday on hiring people for the first two years.
Other leading businessmen including Sir Martin Sorrell and Luke Johnson backed Branson’s criticisms of the governments’ strategy. Sir Richard Branson stated that in order to foster growth "we need to get behind the small and medium-sized businesses that are the engines of any healthy economy".
"They need investment and finance, and that comes from the big banks. The politicians talk of encouraging lending; we need action to match that rhetoric."
We would like to hear your views on the points raised in this article, please feel free to leave a comment or email us directly at info@key-appointments.co.uk
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