British Jobs For British Workers

There are plenty of examples of famous people being misquoted, resulting in them being known for quotes they actually didn’t say.

In politics examples of this are Jim Callaghan’s “Crisis What Crisis” and more recently Gordon Brown’s “British Jobs for British Workers”. What Brown actually said was “It is time to train British workers for British jobs that will be available over the coming few years”.

But that of course doesn’t matter now. British Jobs for British Workers has now become a mantra for protectionism.

We all know that a lot of larger companies in the UK are not owned by British shareholders, O2, P&O, Pilkington, and Rolls Royce may be a few that you might not be aware about.

Perhaps what is not fully appreciated is the number of Non British people who are buying small businesses in the UK. Increasing as a Business Agent I find myself communicating with people who do not speak with a British accent, who will eventually buy a business.

Is it a good thing for the British economy? I wonder what would happen to these small businesses if it weren’t for these buyers. Well, the market value of these businesses would reduce, and perhaps many more of them would close. The wealth would simply disappear.

Plus another consideration is that many of these businesses employ British born people, where would these people be if it weren’t for the foreign-born people buying businesses. A case of “British Jobs with Foreign Ownership”

With the relative weakness in the pound there are bargains out there for foreign investors buying businesses in the UK. If British born people are too fearful to buy a business in the UK at least we still have the foreign born entrepreneur who might be willing to create wealth for all of us.

This entry was posted on 04/02/2009 at 03:35 pm and is filed under Selling Your Business, Buyers, The Economy, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.