John Mills

An economist, entrepreneur and political commentator, I'm Founder and Chairman of JML, the consumer goods company. I'm also Chairman of Labour Leave & Labour Future, Chairman of the Pound Campaign, and Secretary of the Labour Euro-Safeguards Campaign.

I’m proud to be Chairman of JML, a well-known British company which was recently picked out as being among the 150 most dynamic companies in all of Europe. Both as a businessperson and Labour Party veteran, I've fought successfully for the UK to vote to Leave the European Union and will continue to fight for radical change in Britain's economic and trade policy.

I've been in business for more than 50 years. In that time I've seen hundreds of proud, successful British manufacturing firms forced out of existence and thousands of jobs shipped off to Asia. I've seen skilled manual jobs all-but disappear and areas of Britain that were once thriving and full of hope are now effectively redundant.

We need politicians from all parties to start considering a new economic and political strategy; one that brings business and jobs back to Britain.

In my opinion, as sterling has devalued to a more competitive level since the EU Referendum, there is every chance that manufacturing can now start to recover, investment in our future productivity will start to increase and, in the longer term, there will be less unemployment. I believe we now have the means to raise our growth rate incrementally on a sustainable basis, with rising living standards, more equality and no need for the austerity policies to cut the government deficit.

Recent press

Brexit will test UK managers’ worth
Posted 19 October 2016

If foreign investment falls, leadership failings will be laid bare

Why we should celebrate the fall of the pound – and keep it low
Posted 16 October 2016

Many people in the market and much of the commentariat are currently concerned with the recent weakness of the pound on the exchanges. They are barking up the wrong tree. The real sterling crisis is that the pound has been too high.

MPs gear up for fight with Theresa May over Single Market access
Posted 10 October 2016

MPs are gearing up for a fight with Theresa May over access to the EU’s Single Market, as the government prepares for a series of legal battles over its right to take Brexit decisions alone.

The dramatic fall in sterling is a cause for celebration – not depression
Posted 6 October 2016

Sterling is now trading at well under $1.30 to the pound, the lowest it has been for 31 years. Is this a cause for gloom or celebration? Most people seem to be depressed by what is happening, but they ought to be rejoicing.

Labour donor John Mills has warned the party must develop "credible" economic policy
Posted 27 September 2016

Labour donor John Mills has warned Jeremy Corbyn’s party face dramatic electoral losses without more fleshed out economic policy to lure support.

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The Real Sterling Crisis

The Real Sterling Crisis: Why the UK needs a policy to keep the exchange rate down  by Roger Bootle & John Mills

The fall in the value of sterling since Brexit has commentators wringing their hands. But why are so many so quick to assume that a cheaper pound is a bad thing?

In this thought-provoking critique, two of the UK’s leading economists explain how our overinflated currency has affected every part of our society and why the real sterling crisis is not that the pound has fallen but that it has been too high for too long.

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