We’re not lazy, we just need more investment

By Richard Steer2023-02-28T07:00:00

We are one of the largest employers in the UK with the potential to shape our nation’s future. The government must help us make the most of that opportunity, writes Richard Steer of Gleeds

Imagine if you bumped into your firm’s finance director and they adopted a cheery air as they declared it “super news” that the business had made little to no profit this quarter, had narrowly avoided making a loss, was unlikely to do much better in the next, and was forecast to have one of the worst performing years of any similar firm in the sector. You would surely think they had gone mad.

And yet, that seemed to be the view expressed by the UK’s FD, the chancellor of the exchequer Jeremy Hunt, when he offered up off-the-cuff comments following the latest numbers from the ONS. These showed that we had just swerved going into recession but were predicted to be the worst performing nation in the G7 by the IMF.

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