Thursday, February 08, 2007

50% of population believe the UK’s status as a global power is decreasing


This means that 50% don´t believe it. After more than a century of decline, what do they need to be convinced?

Onésimo Alvarez-Moro

See Press Release:
69% believe maintaining the UK’s position is the Government’s responsibility

50% of the working population believe the UK’s status as a global power is decreasing, according to a Deloitte/YouGov survey of attitudes to global economic competition. Only 5% believed the UK’s status was increasing and 36% believed it to be ‘stable’.

John Kerr, Managing Partner for Innovation at Deloitte, commented: “The global competitive outlook for the UK economy is an issue the public is becoming increasingly concerned about. This isn’t surprising considering we face rapid global change with the advancing economies of China and India and an increasingly mobile workforce is adding to public uncertainty.

“Boosting UK exports to the rapidly emerging Asian economies will be vital going forward - we currently lag far behind the US and other economies on this front - yet there is huge opportunity in these growing consumer markets. The measures outlined in the Chancellor’s Pre-Budget Report have the potential to impact significantly on the UK’s future competitive position and the creation of an Asia Task Force with the primary objective of increasing UK export to these economies is extremely positive. A priority for the task force should be helping UK companies exploit their high value IP in the lower cost economies.”

See full Press Release.