The FT reports:
Leaders of the UK’s biggest businesses are at their most optimistic about trading prospects for five years, while smaller companies are freezing investment plans and raising prices in the face of uncertainty about domestic demand.
I very strongly suspect that is true.
And it is very significant because it is small business, not big business, that generates most new jobs in the UK economy.
In that case this is very bad news indeed.
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And despite the claims of ‘level playing field’, and non-discrimination via trade liberalisation, it is transnational corporations that can utilise the movement of labour provision that is included in all EU trade agreements, allowing transnationals to bring in cheap labour. SMEs, not established across borders, cannot use this provision.
So, as every manager, public and private, has to cut costs, expect a huge shift to cheap onshore outsourcing, offered by corporations like Tata, Infosys, using their cheap ‘intracorporate transferees’ (the govt recently affirmed that this is an open door) – knocking out smaller businesses, which liberalisation allows TNCs to do, and displacing UK workers on a broad scale.
Still – Richard – we wouldnt want to look ‘xenophobic’ would we! Instead, just let it carry on?
@Linda
You are doing sterling work. I wish you weren’t ignored. Saw your article in Morning Star. You need to find a way to break through – social networking?