An economist, entrepreneur and political commentator, I'm Founder and Chairman of JML, the consumer goods company. I'm also Chairman of Labour Leave, Chairman of the Pound Campaign, and Secretary of the Labour Euro-Safeguards Campaign.
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.
Eurosceptic donor tells IBTimes UK he wants Labour to attack the Tories over the 'unbalanced' economy.
Labour's largest individual donor is calling on the party to consider deliberate currency devaluation to drive manufacturing growth outside of the South East.
Sources tell IBTimes UK that entrepreneur John Mills has setup the group to help the party get elected.
Since the late 1970s, UK manufacturing has been in terminal decline. Successive governments, including Labour, have ignored our industrial base in favour of the service sector – especial financial services.
Today, post-Brexit, one of the biggest questions facing the UK is whether our industry has the strength to help our economy survive and thrive.
Far from being an economic disaster, the recent post-Brexit fall in the value of Sterling signals a potential new beginning for Britain's declining industrial base, argues John Mills.
John Mills praised "open-minded" Owen Smith but warned against a second referendum.
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