UK declares war

Yes, its official!  According to BBC News, the UK has declared war on the ‘enemies of enterprise’. With the country‘s coffers at an all-time record low and a deficit bursting outwards at the seams, David Cameron, Britain’s PM, at his political party’s spring conference, said that he has declared ‘war on the enemies of enterprise’ and was on the side of the ‘go-getters’ in Britain as the country’s only hope for growth was to back its entrepreneurs.  Accordingly, he has vowed that the country’s March 23rd Budget would be his government’s most aggressive yet.  His Chancellor, George Osborne, has already said that the forthcoming Budget would be ‘unashamedly pro-growth’, so an eager British business community waits with bated breath.

Mr. Cameron has promised: .. a fundamental rebalancing of our economy … with less debt, more saving; less borrowing, more investment; less dependence on financial services and more new industries, exports and trade’. But, it would seem that the contradictions in that statement give little comfort to the British business community that Mr. Cameron really knows what he is talking about and also that he has not included the British government itself in his list of ‘enemies of enterprise’.

I guess for someone who has never run a business in his life, Mr. Cameron may not be the best qualified to have a credible plan for business growth and in that sense, may be forgiven for his outburst.  He might be interested to learn that in the USA, the US government’s encouragement for the re-starting of lending and investment programs from banks and financial services companies to stimulate and enable business recovery has worked a treat to make the USA today the greatest emerging market in the world. So why is Mr. Cameron saying that for similar results to be obtained in Britain, his government will do the opposite?

However, the good news is that Mr. Cameron’s government seems keen to create enabling structures for the country’s business folk as according to him, the government intends to take on: ‘ ..the bureaucrats in government departments who concoct those ridiculous rules and regulations that make life impossible for small firms…”The town hall officials who take forever to make those planning decisions that can be make or break for a business – and the investment and jobs that go with it …”The public sector procurement managers who think that the answer to everything is a big contract with a big business and who shut out millions of Britain’s small and medium sized companies from a massive potential market.”

The Labour Party is dismissing Mr. Cameron’s promises as yet more air from a Prime Minister not famous for making any of his pledges come true. They are saying that Mr. Cameron lacks an effective plan for growth and seems more interested in spin, rather than substance.

[Finance and Economics Contributor]

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