By Claire West
William Chase, the entrepreneur who created Tyrrells Crisps and Chase Vodka, said today that it was time for the country to be more upbeat about our business recovery.
“It’s not all gloom and doom. I believe Britain’s smaller manufacturers will be increasing both output and employment in the next three months,” said Mr Chase, whose Chase Vodka brand was voted the best in the world at the 2010 San Francisco World Spirits Competition.
“There comes a point when we have to stop continually talking of spending cuts and double dip recessions,” he said. “Now is the time for the public to have some confidence in our business future.”
The Confederation of British Industry publishes its SME Trends Survey today. Of the 382 respondents to their survey, 31 per cent said they expected their output to rise in the next quarter and only 12% predicted a fall.
There was a further positive message from accountancy group Deloitte who announced that manufacturing administrations in 2010 have been “significantly lower“ than last year. In 2010’s third quarter 66 firms failed - compared with 128 in 2009.
“Many firms will also be able to find new opportunities as Government departments and local authorities have to increasing turn to private companies to plug the gaps left by departmental spending cuts,” said Mr Chase.