Simon Walker

Small Businesses Put Hiring On Hold Following Brexit Result

Small Businesses Put Hiring On Hold Following Brexit Result

25% of UK businesses intend to put a freeze on their recruitment processes following Friday’s EU referendum result in which Britain voted to leave the EU, according to a report from the Institute of Directors. Surveying 1,092 business leaders, over 60% of those surveyed said they believe that Brexit will be bad for their business while 20% said they are now considering moving their operations abroad. Approximately 33% of business owners said their hiring activity would continue at the same pace but 5% conceded that they will have to make some staff redundant. With small businesses now preparing for life outside the EU, more than half of business owners want the government to prolong negotiations with the EU, rather than a quick break, in the hope of Britain getting a better deal. Simon Wal... »

IoD Growth Plan Launched by New Director General

In a new report published yesterday, the Institute of Directors (IoD) has set out a plan to boost the UK’s economic outlook in the short and long term and defy current pessimism as to the ability of the economy to bounce back. In The Route Back to Growth (PDF) 15 proposals are identified which, if implemented by the Government and other policy makers, could make the UK one of the most competitive advanced economies in the world by 2020-25. As well as boosting demand in the short term with an immediate round of quantitative easing, the IoD proposals are designed to improve radically the supply side of the economy, with tax, regulatory and planning reforms being central. The Route Back to Growth was launched yesterday by Simon Walker on his first day as IoD Director General. The propos... »