Ian Stuart, UK and European Head of Commercial Banking, HSBC UK
“Even with a backdrop of ongoing economic and political flux, the UK currently has record levels of employment and encouraging GDP forecasts”
Since we were founded in 1865 to finance trade between Asia and the West, HSBC has been where the growth is, connecting our customers to opportunities. Our fundamental aims have remained the same, enabling businesses to thrive and economies to prosper, while also, ultimately, helping people to realise their ambitions.
Over the past century and a half, we have seen unprecedented change across the globe and are always ready to support our customers as they seek growth, regardless of the challenges in the broader economic and geopolitical climate.
With President Donald Trump coming into power earlier this year and the outcome from Brexit negotiations still far from clear, businesses continue to operate in a time of real uncertainty. For many, the temptation is to adopt a ‘wait and see’ approach; however, despite the fact that the dust is yet to settle, I believe 2017 is a time for action and businesses should not put their growth plans on hold.
Even with a backdrop of ongoing economic and political flux, we should recognise that the UK currently has record levels of employment and encouraging GDP forecasts. Liquidity also remains strong. As a result, now is the time for businesses to turn the situation to their advantage and it’s our commitment at HSBC to support businesses in realising their plans.
At a fundamental level, UK plc is in excellent shape because of the high quality of management overseeing our corporates across the country. This, along with intelligent and prudent balance sheet management, cost control, innovation and improved productivity gives me confidence. Though these are unprecedented times, there is an inherent strength and resilience in UK plc that will allow us all to come through this period of uncertainty.
HSBC continues to work with businesses to enable their expansion both at home and overseas. We like to be where the action is; we like to be where the business is. At HSBC, we want UK businesses to thrive and prosper, and we are here to support them every step of the way.