Bringing business back to the UK

  
We have set out a long-term economic plan to secure our country’s economic future and our economy is growing. Just this week, the IMF upgraded its growth forecasts for Britain by more than any other G7 country and we have also seen the largest quarterly increase in employment since records began.

The key challenge for politicians and business leaders in Europe is how we make a success of globalisation. For years the West has been written off. People say that we are facing some sort of inevitable decline. They say we can’t make anything anymore.

I don’t believe it has to be this way.

Of course, we cannot be starry eyed about globalisation – it presents huge challenges as our economies and societies try to adapt. But neither should we take this pessimistic view.

Indeed if we make the right decisions, we may also see more of what has been a small but discernible trend where some jobs that were once offshored are coming back from East to West.

In recent years there has been a practice of offshoring where companies move production facilities to low cost countries. But there is now an opportunity for some of those jobs to come back.