As Britain’s financial services come under scrutiny in the wake of rate-rigging scandals and money laundering affecting one bank after another, it is a tense summer not just for Britain’s banks but for British businesses as a whole.
Shareholder revolts have affected the AGMs of Aviva, Trinity Mirror and Barclays. Investors have vented their anger at remuneration packages and the widening pay gap between the chief executives and the average worker. Even Marks and Spencer, the department store chain which has fed and clothed generations of Britain’s middle classes, didn’t escape a kicking.
But as the UK celebrates its best-ever Olympic Games (25 gold medals and counting), British business also has much to celebrate in contributing to economic growth. In the last year alone, entrepreneurs expanded their workforce by 16%, research by Ernst and Young suggests.
To celebrate the best of British, and its 125th anniversary , Glenfiddich, one of the few independent, family-owned distilleries in the UK, has rooted out 125 of the top British business champions and is asking people to vote on a winner. Spedan Lewis, the founder of John Lewis , Jack Cohen, the little-known founder of Tesco, Frank Whittle, creator of the Jet Engine, and Topshop owner Philip Green are among the nominees.
Who do you think should top the list?