Posts tagged Director-general
BCC suggests in its Quarterly Economic Survey that businesses are growing but the the pace of activity is too slow for a sustainable recovery. Director General of the BCC, John Longworth, urged the government to take a bolder approach to boosting economic growth. He recommended measures including the creation of a state-backed business bank, and investment in infrastructure as critical to get the economy growing.
Mr Longworth said: “Growth cannot wait. The government must take an imaginative and brave approach to stimulating the economy and helping businesses thrive.”
The survey found manufacturing home orders has edged up two points, to +8%, the strongest level since the second quarter of 2011. The service employment balance increased six points, to +10%, representing the highest level since the recession began in 2008.
The report indicates a surprising growth over manufacturers’ intentions to invest in training which rose to +18%, the best level for the last four years.
Although, business confidence is still below its 2007 level, manufacturers’ profitability is reported to have increased three points, to +24%, also the strongest level since the last quarter of 2010.
What’s your reaction on the findings by the BCC which suggest the manufacturing and the service industry are growing in times of austerity? If you are working in one of those sectors, share your thoughts by commenting here or raising your voice on our Facebook page.
The business lobby group is advising the government in a new report today, “Minor measures, major results – Fine tuning the major infrastructure planning system”, to make further improvements to large infrastructure projects and ease the pre-application process of planning and construction work for UK businesses.
The CBI is also urging the government to simplify non-planning consents and allow developers to train case workers who will participate and give advice to applicants at pre-application stages prior to construction work.
The CBI believes that measures for improving transparency, encouraging proactivity in case workers and developing the relationship between planners and businesses will help economic growth and return investors’ confidence.
Deputy Director-General at CBI, Dr Neil Bentley, approved the pro-business measures the government has taken in recent years to encourage economic growth, but he said that more decisive action is needed to help major infrastructure projects in Britain.
Mr Bentley said: “Businesses approve of the government’s reforms to our major infrastructure planning system to streamline planning decisions, but it’s vital we don’t lose momentum while these significant changes take hold. Too many applications are still at the initial stages at a time when we need major investment in our infrastructure.
“We’re suggesting ways the government can fine-tune the system to spur on much-needed new infrastructure such as, energy plants, railway lines, airports, roads, ports and waste facilities.
“Investing in major infrastructure projects will bring big rewards for our economy, with new jobs and growth. But investors both at home and abroad must have the confidence that the planning system will deliver timely decisions, so the government needs to act now. Waiting for a much fuller review in 2014 would be a lost opportunity.” – added Mr Bentley.
What is your reaction to the proposed measures by the CBI to improve major infrastructure planning systems? How would that help your business and boost economic growth? Share your thoughts by leaving a comment on Train4TradeSkills’ Facebook and Twitter pages: