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24 Sep 2009
Dragons Den star Peter Jones has warned the financial rumour mill must be controlled if UK business is to drag itself out of the current quagmire.
"The business community must not talk itself into another further downturn," said Jones.
"We are very good at talking ourselves into a situation.
"I think it's very fair to say we're not out of the woods [in terms of corporate collapse], but we're coming out of the recession."
The tycoon believed the UK would see a longer period of real recovery as companies battened down the hatches and rode out the storm.
"There are lots of businesses out there who are keeping quiet because business is ticking along.
But the counterbalance to that are the serious demises of many SMEs and clearly there a lot of people out of work.
That's not a good situation for any economy to have.
"There's always going to be positive news but we need to reinforce it."
Further reading
Credit boom would save bad businesses, warns Dragon
Peter Jones is championing Small Business Week 2009, in association with BT Business.
Small Business Week is taking place from 19-23 October, where a range of government, business and independent organisations will come together to celebrate and support the country's 4.7 million small businesses.
The agenda for the week will be set by the 2009 Business Pulse - one of the UK's largest ever surveys of smaller enterprises. Find out more and get involved in Small Business Week at www.sbw09.co.uk
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Visitor comments Add your comment
what a moron
what sort of claptrap is this fool on about.
what is wrong with recognising reality when it is clear that vast swathes of businesses will **need** to fail. many were just products of an unsustainable boom.
baling out businesses is the worst thing to do & is against the "creative-destruction" path of proper capitalism.
clear away the dead wood. free up land, labour and capital for new firms to flourish. cut taxes & regulation.
Posted by: jack the ripper, 24 Sep 2009 | 00:00