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Productivity Fall Attributed to ‘a Lack of Concern’ from Government

Paul CadmanReacting angrily to the labour productivity statistics for Q4 2015, Paul Cadman, Group MD of the Futura Group, winner of the Black Country Chamber of Commerce’s prestigious Manufacturer of the Year Award 2015, one of The Manufacturer’s 2015 Top 100 most influential people in manufacturing and proud member of the Chamber’s Platinum Group said:

“The sharp fall in productivity last quarter is very worrying, and is contributing to weaker economic growth in the UK. There are deep-rooted structural problems in our economy that have dampened productivity – from skills shortages, to infrastructure bottlenecks and limited growth finance. Delivering solutions to these critical issues would go a long way to achieving the productivity gains we need and I am worried about a lack of concern from government.

“This is just another example of the complete disregard for the needs of manufacturing. Laissez-faire is an inadequate response: manufacturing needs a level playing field where energy costs are competitive and national interests include using EU funds to help industry innovate. Manufacturing needs a strong skills base not a weakened supply of talent arising as a result of playing politics with education. Now there are more penalties for businesses who are obliged to recruit talent from abroad, a woeful response to business needs. On top of this we have an underinvested transport infrastructure inadequate for yesterday’s needs let alone tomorrow’s.

“An unbalanced economy, an unwillingness to address long term needs and a complete lack of understanding of what manufacturers need. Hardly a recipe for growth and it makes me very angry that our political leaders have failed the manufacturing sector for years. If I ran my business this way it would go under and my shareholders would have kicked me out.

“I strongly advocate that the Secretary of State, The Chancellor and the Prime Minister come to the Midlands and talk to British owned business leaders. This is our real industrial heritage, not the foreign owned multinationals with little loyalty and deep pockets. I am sure they would learn some lessons on how to create long lasting value.”

Last modified on Tuesday, 12 April 2016 08:57

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