Member Article

GDP growth should make tomorrow start today

Plumbing entrepreneur Charlie Mullins has praised the hard work of small and medium sized businesses for helping ward off a potential ‘triple dip recession’ after it was reported the economy grew by 0.3 percent in the first three months of 2013.

Charlie, who founded Pimlico Plumbers, believes that the collective efforts of SME businesses are having a positive effect on the economy, including his company, which today reported near 11% growth for the first quarter of this year.

Charlie says: “Our tomorrow starts today, and I have every confidence that it’s one that can turn out well for the whole country. My conversations with the ‘plumbers’ network’ bolstered my belief that the economy would be, if not exactly flush, at least fighting its way back up.

“These figures proven me right and the hard work of small and medium-sized businesses that are the backbone of the economy deserve some praise.”

“One of the reasons I thought things would come out on the plus side for the first quarter of 2013 was that, as a company, we were seeing a pretty decent resurgence in work above purely seasonal increases.

“I have seen my own official Quarter 1 figures that give us an 11% year-on year-rise over Q1 2012 and March saw an 18.2% rise. To date, Pimlico Plumbers are up on sales for our financial year by some £850,000, and with two months trading left we are looking good at going through the £19 million barrier for the first time.

“I am sure that we are not the only ones enjoying modest growth and therefore help inject further confidence across the economy.”
Charlie added: “Okay, we haven’t won the lottery this morning, but we managed to get a last minute ticket in the draw, despite being at the back of the queue with just minutes left before closing time!

The trick now is not to smugly put the ticket somewhere safe, sit back in the sofa and dream of what you will do when you win the jackpot.

Despite criticism from the IMF and other serious economic agencies, the Government has held its line and continues to do so. I know the last batch of employment figures weren’t great but until then they had been going in the right direction.

I know I’ve been hard on the Funding for Lending Scheme to finance small businesses via the banks, but maybe yesterday’s re-energised version of the scheme will finally get them lending, and the Help to Buy equity loans and the existing New-buy schemes have the potential to get the construction industry moving again.“

This was posted in Bdaily's Members' News section by Recognition PR Business Team .