NEWS
Now we have all heard how unjust the taxation process is, but this is not the time to herald a major change whilst the country is at war with the Coronavirus and business adjusts to the impact and opportunity of Brexit, but the figures above clearly demonstrate the singular importance of the business sector to the U.K. economy and the impact on society our collective business activities holds. The fact remains that it is the hard work and diligence of the SME sector that produces the significant part of the UK PLC tax revenue annually. So now we have 1000’s of the same SMEs reeling from the effects of a state-imposed lockdown to protect the health of the people who will thank the Government come the next general election. What happens to the SME sector and how do we protect, preserve and improve this engine of growth?
CLICK HERE for analysis on businesses in the UK
All SMEs are driven by individuals whom have invariably decided to use their skill-set to provide goods or services in a sector that they have experience with and likely enjoy. My own experience was to demonstrate how I would run a company supplying industrial equipment better than my previous employer to the extent that aſter the first 20 years we would become a supplier to them. We all have our reasons for starting a small company and some of us are more driven than others, but the plight of SMEs rests solely on the enthusiasm and drive of the entrepreneurs running those companies and being confronted with a pandemic is definitely not in the usual playbook for them.
Contributing 47 per cent of revenue to the UK economy, small and medium- sized enterprises (SMEs) have a key role in boosting productivity – but need support to expand business and increase impact. The Government has created dining opportunities and may soon create incentives to enjoy the arts, but how do we help every SME that wants to survive and thrive? SMEs are a vital part of the economy, accounting for 60 per cent of
all private sector jobs and 47 per cent of revenue in 2016.
Source for the values quoted can be found HERE
We now must look at preserving these vast employment zones and valued tax collectors and tax generators and from our experience of dealing with many recessions and our first pandemic over our 40-year business experiences it has to be focus, focus, focus whilst we build, build, build. It’s therefore vital to restart the activities of business in such a way that we hit the ground running as the impact from lockdown and vaccinations create a safer environment for business transactions to resume.
My colleagues and I have spent a lifetime developing businesses in the welding industry. The Welding World Magazine now has a fast growing circulation level of almost 100,000 email addresses. Our magazine is growing in popularity as we broaden the awareness of Welding World and openly encourage students, end users,
manufacturers, artists and associated industries to read the magazine and learn so much more about the welding, cutting, gases and extraction industry. We remain ready to help your organisation leap back into action post the Lockdown’s we have all been sensibly encouraged to endure, with a competitively priced series of adverts and free editorial (members only) along with sponsored webinars and newsletters. Contact admin@welding-
world.com for further information or speak directly to the editor of our magazine via editor@welding-world. com There has never been a better time to present the products and services offered by businesses in the Welding Industry as we step back into the light of actively trading again post pandemic and Welding World supported by their association members are ready to play their part in this new landscape. ■
ADRIAN HAWKINS OBE biz4Biz Chairman, Chairman of the Stevenage Development Board, Managing Director of Welding World, and Herts LEP Skills and Employment Board Chairman
www.awd.org.uk WeldingWorld1 / 25
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
