Branson, Lord Heseltine, Sir Terry Leahy: The best bits from GEC

At yesterday's Global Entrepreneurship Congress, business leaders and entrepreneurs from firms of all sizes hobnobbed and swapped business tips and anecdotes. Here's MT's pick of the bunch.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

Yesterday, Liverpool played host to the 2012 Global Entrepreneuship Congress. Besides the hundreds of delegates converging on the city from all over the world, there were some top notch speakers and special guests. MT furiously scribbled down every noteworthy quote and anecdote to share with you. And here they are:

Sir Richard Branson on the 50p tax rate:

'All of us would love to see lower tax rates. Government needs to get taxes down to stimulate the economy. And my guess is that the 50p tax is costing the country more that it’s making.'

Sir Terry Leahy on life after Tesco:

'I’m still active in business. Mostly as an investor. I invest in early stage business - a lot of them on the intenet. Internet plumbing and that kind of thing. And I build shopping centres in China.'

Lord Heseltine on the beast in business:

'There’s no morality in the competitive world. Left to its own devices, it will do do terrible things to people. It will send people down mines and children up chimneys. Democracies lay down the conditions which impose civilisation on the commercial world. They maintain the quality of life.'

Prince Charles on the role of business in communities:

'Enterprise and entrepreneurship work best when not placed out of narrow self-interest but put at the heart of communities as a whole.'

Ashok Rao, chairman of Whodini, on the evolution of the term 'entrepreneur':

'When I started my first company, I had no idea that I was an entrepreneur. It’s a relatively new term. But, as they say in Texas, now I are one.'

Paul Lindley, founder of Ella's Kitchen, on processed baby food:

'By the time my daughter Ella has her own little ones, the jar of baby food won’t exist. There are difficulties with the glass jars lifecycle and the effect on our environment. It's the baby food of yesterday.'

Read our full story on Branson's keynote at the GEC here

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