GDP revision shows need for a long-term strategy for growth says voice of business in Suffolk
29 May 2012
The Chief Executive of Suffolk Chamber of Commerce has called for a longer term strategy for growth on the back of the revised GDP figures published last week.
Gross Domestic Product, the market value of goods and services, shrank by 0.2% last month but the Office for National Statistics (ONS) last week announced the figure was actually 0.3%.
“The revised GDP figure of -0.3% for the first quarter of the year underlines the need for the government to implement a bold, long-term strategy for growth,” said John Dugmore, the Chief Executive of Suffolk Chamber of Commerce. “Over the past quarter, business surveys have shown that companies are more optimistic than many of the economic indicators suggest. Many of our members tell us they don’t identify with such pessimistic statistics and are cautiously optimistic.”
The Suffolk Chamber of Commerce recently told the East Anglian Daily Times that the GDP figures, which pushed theUKback into recession, were ‘unduly pessimistic’ and were not reflective of the views and experiences of businesses in the county.
“Deficit reduction is crucial to our economy, but there are measures that the government can take to free up business to grow,” John Dugmore added. “Firms need to see real deregulation, improved access to finance through the creation of a state-backed business bank, robust infrastructure like transport and energy networks, and ways to help them take on more staff.”
The Leader of the Chamber pointed to local developments such as a record interest in the forthcoming Suffolk Show and the plans for EDF to develop a new nuclear site in the county.
“Business does not need hand outs – they are showing by their actions here in Suffolk that they are prepared to work harder than even to be successful.”
“What they need is a government that will facilitate growth and address market failures where they exist, for example in access to finance. If the government wants businesses to invest and grow at a time of global uncertainty, it needs to generate stability and a better business environment at home by setting business free,” he added.
05 Sep 2016
The Higher Apprenticeship in Leadership & Management comprises two qualifications:
- Level 5 Diploma in Leadership & Management
- Level 5 NVQ Diploma in Leadership & Management
Qualifications are awarded by iCQ.
Delegates will typically be employed in middle management roles, or have a junior management role with the potential/aspiration to progress into a more senior role.
24 Aug 2016
“As never before the UK’s prosperity will be secured by our successes in exporting goods and services around the globe. Suffolk Chamber International, part of Suffolk Chamber of Commerce, is here to help our local businesses become world-beaters!”
Jim Fanshawe, manager at Suffolk Chamber International and an international trade expert, was speaking at the launch of its revamped programme of courses aimed at giving every Suffolk business the chance to become exporters for the first-time or to improve their current overseas trade activities.
24 Aug 2016
Whether you’re introducing a new initiative or about to launch a new product or perhaps you’ve identified that there are mistakes happening with the processing of orders or duplication of effort – dealing with the demands of change is the biggest challenge facing every business today.
Walk any ten year old through your home and point out everything that didn’t exist when you were their age. You will find lots of examples where we have updated / upgraded things in our home as we have felt that any such change will make our life better or make us more comfortable.