DEBATE: Can we stop worrying now? Seven Hills co-founder Michael Hayman for City A.M.
This piece by Michael Hayman MBE originally appeared in City A.M., see here.
Can we stop worrying now that earnings are rising at their highest rate in a decade?
Michael Hayman MBE, co-founder of Seven Hills and co-author of Mission: How the Best in Business Break Through, says YES.
May you live in interesting times – the old Chinese curse has found new life in Brexit Britain. Mired in political woe, you’d be forgiven for thinking that this is the end of days.
But not so fast. For all the doubts, Britain is a winning economy.
Investment into the UK from foreign companies is sitting at the highest levels ever, while our tech scene is unrivalled – the number of artificial intelligence companies in London is more than double that in Paris and Berlin combined.
And after years in the doldrums, wage growth has reached a decade high. Add that to near-record levels of employment, and you have a nation demonstrating real resilience.
Britain’s economy is open, and only political short-sightedness will close the door to that. Problems? Sure, many of them the self-inflicted wounds of uncertainty. But these could still be interesting times for the UK economy and it’s something that our national debate could do well to focus on.
Read the full debate here.