Could purpose-led firms lift the UK’s flagging economy?

Sat, 6 Jan 2024 13:49:39 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.positive.news/economics/could-purpose-led-firms-lift-the-uk-flagging-economy/>

"Forget legislative bonfires and tax cuts. To really stimulate the UK’s
flatlining economy, what about rewriting the rules of business so people and
the planet are on a par with profit?

It’s an idea put forward this week by the thinktank Demos. It called on
politicians to rewrite the UK’s Companies Act to inject purpose, as well as a
profit motive, into business. Doing so, it claimed, would provide a £149bn shot
in the arm for the UK economy.

It’s a direction that some companies have already moved in. B Lab UK, a network
of purpose-led businesses, says there are more than 1,600 such firms in the UK,
and counting."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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