Monday 3 September 2012

Are our MP’s pro - business?


Yes, G4S got things seriously wrong with their Olympic security shambles.

But, I am sympathetic to the comments made by Neil Woodford, Investment Manager at Invesco Perpetual which owns around 5% of G4S’s shares.

Woodford said the verbal dressing down of Nick Buckles (Chief Exec of G4S) at the select committee meeting last month was like watching “a medieval persecution….if this is the way Parliament wants to treat business, please Parliament, don’t be surprised when businesses decide this isn’t the country for them”.

He went on to say that the behaviour of MP’s was “incredibly damaging for the economy and this country…..Companies will be thinking twice about bidding for any government work”.

It’s just too easy for politicians to have a cheap sound bite swipe at business which they think will go down well with the majority of the electorate. We’ve seen it so many times before. It would be so refreshing to see politicians recognising that we need to send a message to the global economy that the UK is open for business and looking for more.

Domestically, it is ultimately down to business to get the UK through this economic mess that has been created by the politicians! – A little bit of support from time to time wouldn’t be a bad thing.

Tim Corfield - August 2012

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