Right of Reply
An industrialist answers Gordon Brown's criticism of manufacturing productivity
Monday 10 August 1998
Governments can and do survive without having to be competitive. Companies like mine simply won't. What we want the Government to provide is a suitable environment in which we can grow our businesses in whatever markets we sell to.
A suitable fiscal environment for an exporting business like ours, requires stable interest rates. The role government can play is cutting the costs of business. If the Government wants a quintessential example, it should look at how the British government developed and led the success of the Hong Kong economy. That success was created by a government which really understood what business needed to succeed.
Industrialists with my background have no real confidence in running social security, the NHS or the Ministry of Defence or whatever. Requirements of these "businesses" are completely different to our own. But we do know how to run manufacturing, we do know how to sell overseas, and we do know we need the support of our government in creating the right environment for success.
Productivity tables focusing on the best, and not the worst, example may help; but what we really want are stable interest rates, so that we can set a world-wide pricing policy that lasts for more than five minutes.
Leave government to govern and industry to industrialists, and aim to positively support each other through our efforts.
TVJamie's Sugar Rush reveal's campaigning chef's new foe
Arts & Ents blogs
- 1 President Obama leaves touching comment on Humans of New York photo from Iran
- 2 If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
- 3 The Chinese city where men have 'three girlfriends because there are so many women'
- 4 'Heartbreaking' Syria orphan photo wasn't taken in Syria and not of orphan
- 5 German police forced to ask public to stop bringing donations for refugees arriving by train
The real reason Eddie Redmayne was cast as a trans woman in The Danish Girl
Star Wars: New action dolls launched on Force Friday ahead of The Force Awakens release
Ricki And The Flash, film review: Meryl Streep's rock'n'roll creation steals the show
Joan Aiken: Today's Google Doodle celebrates life of British fantasy novelist
Photographer captures the beauty and intensity of his girlfriend giving birth at home
Britain to take more refugees as Cameron bows to pressure after more than 250,000 back our campaign
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Make your voice heard: Sign The Independent's petition to welcome refugees