PM Calls For More Exports To Boost Growth
The Prime Minister has urged business leaders to "spread" export opportunities to help small and medium-sized companies.
Speaking at the annual conference of the Confederation of British Industry (CBI), David Cameron said: "Our market may be subdued, but there is fantastic growth elsewhere in the world.
"We need to spread export opportunities right down to small and medium-sized businesses."
He also said: "Britain is in a global race to succeed today. Every week you step off aeroplanes in the South and East and feel the pace of change there."
Mr Cameron said there would also be a slashing of red tape, which is holding back British enterprise, and he now plans to reduce bureaucratic hurdles for British businesses.
He argued: "Back in 1998, there were 4,500 (judicial) applications for review and that number almost tripled in a decade. We urgently needed to get a grip on this."
The Prime Minister pointed the finger at lobbyists, as pressure from them creates "risk-averse" civil servants.
"Over the past two and a half years, I've worked with exceptional civil servants who are as creative and enterprising as any entrepreneur, and they are as frustrated with a lot of this bureaucratic rubbish as I am."
He warned bureaucrats also needed to use the same spirit that was needed to defeat Hitler during the Second World War, in order to get the economy back on track, and warned the country is at the "economic equivalent of war".
Mr Cameron said: "When this country was at war in the 1940s, Whitehall underwent a revolution.
"Normal rules were circumvented. Convention was thrown out. As one historian put it, everything was thrown at 'the overriding purpose' of beating Hitler.
"Well, this country is in the economic equivalent of war today - and we need the same spirit."
Also speaking at the conference was Business Secretary Vince Cable, who told business leaders he was pressing ahead with plans to reverse constraints on skills that have resulted from a historic "serious lack of investment".
He maintained that the supply of high quality, skilled workers was increasingly important for future economic growth.
Mr Cable said the UK needed to remain open to overseas workers and investors, because that was how Britain had gained much of its industrial and business expertise.
This year's conference takes place against the backdrop of rebounding economic growth, but the outlook remains uncertain.
Recent data showed gross domestic product jumped 1% in the third quarter, as Britain powered out of its longest double-dip recession since the 1950s with the help of the London Olympic Games.
However, the Bank of England forecast last week that the economy could shrink again in the fourth quarter, with low growth expected for the next three years due to the eurozone debt crisis, tight credit and inflationary pressures.
Meanwhile, Labour leader Ed Miliband sought to pile pressure on David Cameron ahead of a crunch EU budget summit next week, by saying that Britain must take a "hard-headed" approach to the problems facing the EU.
Mr Miliband, who last month joined forced with Tory rebels to defeat the Government over its strategy, said Labour must not ignore the legitimate concerns of eurosceptics.
David Cameron travels to Brussels on Thursday facing pressure from his backbenchers to push for the real-terms spending cut approved in the non-binding Commons vote, which Labour helped secure.
The Prime Minister, who insists a rise in line with inflation is a more realistic target in the negotiations, has threatened to use the UK's veto if the rise proposed by the Commission is not drastically reduced.
what do you think?
Reduce the tax burden and then people can afford to spend,thus creating jobs and thus creating growth.
One big difference between now and the 1940s Dave, we had a huge manufacturing based economy then. We didn`t need to import everything then.
Quite agree, Thatcher destroyed manufacturing to base our economy on the financial sector unlike Germany who based theirs on industry and are now the power house of Europe
Windows Live User
Wonderful point made by Edgar Becket Our PM's should have long seen the slipping away of our manufacturing strength as the taking of the meat off our bones, and fought much harder to retain in instead of helping to strip it down
Make houses affordable then people.could spend rather than saving for a deposit and paying.rent thats probably more than a mortgage
Rob. Nice idea but at present people aren't spending money on the small things because of worries about the future. They are hardly likely to commit to a 25 year debt by buying a house
Windows Live User
Dave, I feel that there are still a lot of first time couples out there that would take the step into house-ownership if only they were cheaper. Problem would be keeping the buy to rent guys out of that market
Load of waffle - all he is going to do is allow firms to sack people without reprisal, do away with planning, basically a free for all which will be exploited. Joe Public gets nothing because he's got nothing to give.
We appear to have a policy of :if it moves TAX it.
And if it doesn't give it a government job.
Reduce Tax & red tape. Undo the 154 stealth taxes Liebour brought in & all the nonsense form filling. Let the private sector flurish & grow.
Granty Granty Granty you never learn same old mantra same old Tory will you ever say anything worth listening to
Alfonso same old treble name, wierd but thanks for you useful ideas again..........
Is this the same Cameron thats dithering on building new power stations , rail links and airports.
Well said Nigel L and Grant Berry. Cameron has no idea at all and even less business experience. I can't think of any civil servant who is entrepreneurial - they wouldn't be in the civil siervice if they were. In the early part of the nineteenth century the Board of Trade had a staff of just 30 - how many does it have today? Five of the 30 were handling railway matters (no Ministry of Transport until 1919).
During the war we had a prime minister that could be trusted not some school boy that plays at the job
go and read a history book . i have no time for him
What took him so long to catch on
The UK`s present fortunes are nothing to do with lack of business experience or even incompetence, the only Prime Minister in the last 100 years with an industrial background was Neville Chamberlain. Since the end of the 1950s, this country`s and all other European state`s industries have diliberately and purposefully been allowed to drift overseas to " third world countries " in order that they may prosper at our expence. Vote for whoever you please. You are going to have to make do with less !!!!! and judging by the comments on here, most ( Lib/Lab/Cons ) seem to be prepared to support that
Windows Live User
Every report I read states that Africa is booming. Trade is strong with China Something went wrong with the way our governments played the game and built up these countries industries, while letting ours slip away. Now its time we looked after ourselves again as best we can
You talk waffle
Well said Edgar and WLU.
Once again the PR PM Calamity Cam(eron) opens his mouth and rubbish comes out. He knows nothing about nothing.
unlike you eh alfonso?
Reduce tax then pay to much in this country for it all to abroad
We cannot reduce tax in this country because succesive governments starting with Thatcher who sold off our infrastructure, closed manufacturing businesses with high interest rates,letting too many foreign countries take our expertise all in favour of importing cheap goods and job losses in the UK. These foreign owned companies invariably take all the profit out of the UK and avoid as much tax as they can, many close their plants here and reopen elsewhere.The likes of China if they cannot make or copy our goods impose heavy import duty so it makes if difficult to sell our products there ,but we dont sanction their goods in this way.And every one of our governments since has carried on this folly.
I don't what he means by spreading export opportunities around, but then, does he know? A company either has something can be exported, or it hasn't. More meaningless flannel.
David he probably means, lets sell our manufacturing companies to China so they dont have to put 100% import duty on our goods, they can then manufacture and do the exporting to us.
Windows Live User
This would have been ok if the governments past and present had not given away our manufacturing to overseas countries. We then had something British to export
Absolutely right. One of the few things we have been exporting is our manufacturing bases.
Cameron knows what he is talking about when it comes to exports. He has exported more UK contracts to foreign countries than any one else.
Cameron calls for more export ,what can we sell .Well start with a million tons of dog poo we have plenty of that .
2/ Unemployable Bankers no good for your economy very good at ponzl schemes.
3/ 656 fiddling M.P.`S We will keep the other four here.
If we could sell fresh Air abroad, Or stale air if pushed to it. The cost of red tape incurred , Will more than the Air it self!