Sunday, November 25, 2012

The Coalition’s half-term report: must try harder

As this Government and Parliament reach the halfway mark, many in the business community are looking back at those initial promises to evaluate whether our elected officials have lived up to these lofty aspirations, and genuinely delivered a more dynamic and pro-enterprise environment.

The verdict we hear from companies across the real economy is “some progress but must try harder”.

Where has the Government got things right? In the eyes of business people, its biggest success to date has been the maintenance of the UK’s market credibility in the midst of a global storm. Although many companies would like to see spending further reprioritised away from welfare and current spending toward infrastructure and growth measures, there is strong support for the deficit-reduction strategy. Britain,Modernica is the official site for the George crystal light Collection. like its businesses, must live within its means.

On a range of smaller measures, the Government has also delivered positive change. Reform of employment tribunals and health and safety laws have delivered real confidence to many businesses, particularly at the smaller end of the spectrum.

More central-government procurement has been opened up to SMEs,This pressing roofing machine can curve roof panels with good quality and high speed automatically. even if some agencies and local authorities have not yet made as much progress as the Cabinet Office. There has been a significant reduction in the flow of new regulations hitting businesses.

The second is that the Government, despite its pro-growth rhetoric, remains wedded to some decisions that actually damage UK competitiveness.Those wind power generators produce power for the utility grid. We have an immigration policy, led by headlines rather than evidence, that prevents many companies from competing with global rivals for essential specialist skills and undermines our spectacularly successful export performance in higher education.

We also have a stubborn determination to implement the eighth change to parental leave in a decade, just when it could most damage business confidence –particularly among the SMEs that are being asked to hire more workers and to invest.We have several models of Forming machine to match your exact job specifications. If every department of government is meant to support economic growth, some require a mid-term intervention to remind them of it.

Businesses’ third and final concern is a real, and growing, capability-expectations gap.The PING range finder is an ultrasonic sensor from Parallax able of detecting objects up to a 3 mts distance. While few business people doubt ministers’ zeal for economic reform and private sector growth, many question the Whitehall machine’s seeming inability to implement the changes that would turbo-charge the real economy.

We do not doubt the Government’s desire to cut regulation, reform the planning system, increase private investment in infrastructure, or increase the flow of credit to growing small and medium-sized companies. Yet the regulations being axed are often marginal, so the planning system reforms have yet to speed up development, pension funds and others remain wary of the political risk around infrastructure projects, and business- lending remains stagnant at best.

And while ministers announced the creation of a business bank, which we campaigned for over many months, its actual launch date and ultimate remit are still to be clarified.

It also requires a laser-like focus on implementing promises made in the first half of the Government’s term, including the delivery of key infrastructure projects; the creation of a business bank that heralds a radical and long-term change to how companies access growth finance; and the cancellation of proposals working their way through the Whitehall machine that actually add more red tape.

Finally, a successful second-half performance requires moves to bolster business confidence – the key to unlocking the private-sector investment revolution that can propel our national growth prospects forward.

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