BUSINESSES and consumers should make a New Year resolution to buy British-made products and goods whenever possible in 2013 as a way of helping the country recover from its longest ever recession, a leading business rescue and recovery specialist has urged.
John Kelly, regional managing partner of Begbies Traynor in Birmingham, and one of the UK’s most prominent business rescue specialists, said it should be everyone’s New Year resolution to back Britain and buy British.
“This is not jingoism – it is sound economic sense,” he said.
“I have been around long enough to know that this recession is different to past recessions. It is worldwide, accompanied by a banking crisis and a financial crisis in Europe and America, our two largest trading partners.
“In Europe, typically, Germany, France, Italy and Spain have always had an historic tendency to buy locally. This has impacted on the UK through significant drops in our exports to the Eurozone. With the Eurozone financial crisis continuing, the pound has risen against the euro - making our exports more expensive.
“Similar conditions exist in the US, our other major trading partner.
“I’m not asking UK businesses and consumers to buy inferior quality, but I would really encourage them to resolve that in 2013 they will look at British-made products and British-grown goods instead of imports.
“It’s not a question of spending more – it’s a question of diverting spend from imports to British-made.”
Mr Kelly said that the car industry was a great example of how it was possible to support Britain.
“There are few British-owned producers but 80 per cent of the components of a typical British-made car are produced in Britain.
“Nissan’s Qashqai, produced in Sunderland, has the most British-made parts of any UK-produced car and in the past few months, has announced more than 600 new jobs potentially leading to a further 3000 in the supply chain.
“We have JCB, a world leader in construction equipment, we have world-class engineering as demonstrated by the majority of the Formula One engines and even clothing manufacture is making a comeback.”
“I’d like to see the government leading the way but we can all do our bit.”