Tesco CEO: A New Life in Austerity

Interesting commentary in today’s FT.com by Philip Clarke, CEO at UK retailer Tesco.

Key part:

“The most important question of our time is how government can improve people’s lives without simply borrowing more money. It is up to government to set a framework in which companies can be competitive: low taxes, sound money, low interest rates and strong infrastructure. And it is up to companies to take advantage and innovate to meet the growing needs of digital consumers. These are difficult times for Britain but if the government takes the right decisions and lays the foundations now, we can have a great economic future and turn the age of austerity into a new era of optimism.”

Read the entire piece here: http://www.ft.com/intl/cms/s/0/6c76dcce-00d3-11e2-9dfc-00144feabdc0.html#axzz26wVGbbGJ

Carlos Alvarenga

Founder and CEO at KatalystNet and Adjunct Professor in the Logistics, Business and Public Policy Department at the University of Maryland’s Robert E. Smith School of Business.

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