Stevenage 75th anniversary magazine | biz4Biz - Magazine - Page 8
Leadership for Change
I
t’s truly fascinating when you review the graphic (top
right) that modern politics deals with issues like the
COVID pandemic in a similar way to Wars and that
for quite some time this country has been comfortable
with running a borrowing account and then exerting the
necessary spending controls on society. This process has
effectively existed for some 300 years and appears to be
the only way that our politicians seem to adopt when
running an economy or what is a business the size of
the UK.
Today we can expect the unexpected as free of the
financial constraints of the EU we should be seriously
developing reserves in such a way that we work to reduce
Government debt and the corresponding interest cost
of £108 Bn and build an economy that shows greater
returns, working towards reducing the tax burden on
every business and employee.
We can achieve this by re-establishing our manufacturing
bases and exporting products made here to the world.
To the right is a graph showing the value created by
Business and delivered in taxes to Government annually.
When you consider what Government spends each year is
£1.15 Trillion, then this equates excluding import duties,
to some £762 Bn or 66% annually of all Government
spending. We clearly cannot and absolutely should not
expect business to shoulder the burden in Taxes or any
minimum wage increases (not reflected above), but the
relevance of Business in creating Social Value is such that
we should aspire to create “Better Businesses” and help
them to quickly grow such that we have a much stronger
business base, trading internationally and supported
with both a vocational and academic skills pool.
If this is an economy that we all desire, then it is highly possible
that immigration plays a far more relevant part of our future.
The diagram shows the landscape for existing businesses
in the UK and clearly our Country is heavily indebted to our
small businesses employing less than 50 people. As you will
see, there exists a framework of businesses that form the
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supply chains and research & development skills needed by
an economy willing to grow and we simply need to encourage
such growth with prudent government lead development. The
first step along this road is ensuring that our business base has
access to all the relevant tools provided and there exists a clear
need to develop the “Soft Skills” of entrepreneurs as a starting
point.
biz4Biz are leading the way in this respect and have
purposefully developed the biz4Biz Premium Coaching service
purely designed to help our UK based business owners and the
key decision makers in industry to recognise a range of Skills
required to help them develop their businesses by providing
them each with the knowledge of the type of operational soft
skills required to run a successful company. It would be ideal
for Government to support this level of training as the knockon effect for the UK is bigger, bolder businesses creating jobs,
skills, taxation, and every bit of Social Value that the UK needs.
For more details of how biz4Biz can help you please
CLICK HERE to let us know you are interested.
