Lloyds boss tells SMEs to widen their horizonsComments Off on Lloyds boss tells SMEs to widen their horizons
Antonio Horta-Osorio said there remains “untapped potential” across the country.
“Rebalancing the UK economy will require businesses to be ambitious in seeking new export markets,” he told the CBI’s medium-sized business summit. “And for this we need to look beyond our traditional partners in western Europe and the US and seek out new export markets in the growth economies — be it in Asia or South America.”
Much of Germany’s economic success since the beginning of the 1900s has been attributed to the “Mittelstand” — the large network of medium-sized manufacturers which export around the world.