The Workers Union has hailed British workers, describing them as ‘brilliant’ and ‘essential to our national success story.’
In a statement released this morning, a spokesperson for the organisation said: ‘British workers are the foundation on which the economic success of this country is built. Throughout our recent tribulations, they’ve repeatedly shown that they are the beating heart of our ability to compete as a global trading nation. While the economy will undoubtedly undergo major structural change over the next few years, we’re backing British workers to respond with the same ingenuity, flexibility and phlegmatic outlook that has served our country so well in the past.’
The union’s unalloyed support for the creativity and productivity of British workers is reflected in the forecasts for small and medium enterprises (SMEs) in 2022. Recent research from private equity house IW Capital, revealed that 56.2 percent of SMEs reported an increase in earnings in the last quarter of 2021 when compared with the same period in 2020. The report also states that this uptick has continued into 2022, where 40 percent of the small and medium business sector plan to hire an average of six additional employees before the end of the first quarter.
IW Capital’s report appears to support data published by Barclaycard payments, which suggests that 58.1 percent of SMEs are predicting a rise in revenues in the first quarter of this year, when compared with same period in 2021.
The Workers Union Says…
The news that SMEs have entered 2022 with burgeoning confidence is a sign that the British lion is starting to roar. Business owners and entrepreneurs are sensible of the skills and talents of working people, and they are prepared to swell the wages bill despite worries about operating costs and the cost of living crunch. It shows that agile start-ups and established businesses alike are prepared to play a long game to get return on their investments.
This is only happening because firms have the economic confidence to back the expertise of working people. But the golden glow of their financial support is not guaranteed to reach every sector of our economy without the stimulus of retraining and skills development. Our people need access to the very best in training opportunities in order to prepare them for a future that has been knocking on the window for most of the last decade. There is still enough time before that future shatters the glass, but we must act quickly to ensure that the evolution powered by smaller companies reaches everyone from sole traders to workers at multinational behemoths.