Two of the North East’s most prominent business leaders have called on the Government to help businesses invest more, with one saying the UK has become a “low growth, low productivity, low wage economy.”
Steve Hare, CEO of Tyneside technology giant Sage, and Sir Nigel Wilson, the North East-born chief executive of investment group Legal & General, have joined calls from a number of business groups for more action to be taken to prioritise growth.
Organisations including the Institute of Directors, the CBI and the Federation of Small Businesses have spoken out in the run-up to next week’s Budget to call for measures that incentivise greater investment in the UK. The calls have come as concerns grow that efforts to boost productivity in regions like the North East are being hampered by low business investment.
