Business

As the budget beckons UK businesses lay out their must haves for prosperity

Tue.11.Mar.2014 GMT

Economic indicators show that the UK economy is at its strongest since pre-recession times. But are small and medium businesses at the coal front in Britain experiencing this upturn? And what can George Osborne and co do in the upcoming budget to make sure growth continues?

To find out, National Business Awards surveyed businesses throughout Britain in a report entitled Business Without Barriers for their predictions for the year ahead, what they believe are the barriers to growth and what they would like to see in the budget.

Kai Peters, CEO of Ashridge Business School, muses that there isn’t one specific thing that can prime the economy: Above all, it is clarity and a predictable playing field that businesses need.

Martin McCourt, Ex CEO of Dyson, advises that businesses need to look at themselves with a critical eye and see if their product or idea lends itself to overseas markets. He urges businesses to capitalise on overseas markets: Aside from the financial implications of this, he advises that when you spread your risk, you lessen your potential exposure and vulnerability if a recession hits. 

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