Accept Quote by David Sainsbury, Baron Sainsbury of Turville
“I am proud of the fact that the U.K. is an open trading country. I welcome inward investment such as that of Nissan, and the takeover of struggling British companies by foreign companies who turn them around, as in the case of Jaguar Land Rover. I also accept that job losses sometimes have to occur to restore failing companies to health.”
About This Quote
Source Speech: Public statement on trade and investment, United Kingdom, 2000s
The speaker endorses open trade, foreign investment, and restructuring of struggling firms, even if it causes job losses, to revive the economy.
In simple terms: Open trade and foreign investment can revive companies despite job losses.
Key Takeaway
Embrace open markets and restructuring for economic health.
Themes
trade
investment
economic policy
restructuring
employment
Mood
optimistic
pragmatic
Type
political
economic
policy
When to use this quote
- government policy
- business strategy
- foreign direct investment
- industrial revitalization
Key Concepts
globalization
market liberalization
corporate turnaround
economic resilience
Questions to Reflect On
- How can we balance job losses with long‑term economic gains?
- What safeguards protect affected workers?
A Different Perspective
Job losses can harm communities and may face political resistance.
