This article has captured my attention because of its content. It is very related to my term paper's topic which is about decision making before investing into big businesses around the world. British businesses are making a lot of improvements because they have gained strong profits and loss accounts. They will make the most out of the profits to maintain strong businesses worldwide.
According to British Prime Minister David Cameron, in a speech to the Confederation of British industry, the highlights of the topic are as follows;
First, on bank lending, the UK's businesses today have got a great opportunity to lend money from large banks that will make them earn profit, but they have to make some decisions to balance between a banking sector that is really focussed on lending and that's what drive the business, rather than thinking on how to become a bigger investment bank. Even though, bank lending is a major problem which is difficult to deal with, they have done some alternatives in loan guarantee schemes and net lending agreement with banks
Secondly, the competition in the business is tight and there are uncompetitive business that are very significant barriers that hinder to growth. He challenged businessmen to compel this status quo. He aimed to reduce the uncertainty and length of decision making to help new companies to join in the markets.
Thirdly, UK investment in technology and innovation centers have to back up the big businesses in the future which will help the small businesses to have an access to the big businesses
The last topic is in infrastructure investment, he mentioned that "UK has published a detail plan setting out the infrastructure Britain needs and how to unlock 200 billion pounds worth of public and private sector investment to deliver it".
In my point of view, this speech will encourage and challenge the businessmen globally especially the British nationals because it focuses on helping small businesses through lending money from the big banks that will support them a lot. All in all, his desire, goal and plans in using the profits wisely for the future success in business is very visible. I have learned that in business, you need a lot of experiences, capital, information, courage to face the challenges and good decision before investing.
Credit from : http://www.reuters.com/article/idUSLDE69O0LX20101025?pageNumber=1
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