Good to see that the Prime Minister has asked Lord Young to take a hard look at how small and medium sized businesses can be helped more. Small and Medium Enterprises, SMEs, employ 60% of the workforce and are major players in our UK economic recovery ambitions, including the switch from a reducing public sector workforce to a growing private sector one.
It surprises some to know that the Trading Standard Institute,TSI, is a self-financing not for profit SME as well as a professional body representing trading standards practitioners. Our members work in both the public and private sectors too and that makes us uniquely well placed to understand the pressures and burdens on small businesses. We should be extraordinarily well placed to comment to Lord Young. He says he wants to listen and so I shall be sending an invitation.
I always say that front line trading standards people are as much about wealth creation as those in front line business. Why would they want to do anything but work with and support good business, enterprise and employment? It suits government sometimes to paint trading standards and other local government based regulators as a burden rather than the help they actually are. It's my job to help Lord Young appreciate that.
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