A high price but right track

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Tuesday, January 17, 2012
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Leicester Mercury

Nigel Cox is managing director of Trifibre, which manufactures customised cases from premises in Gorse Hill Industrial Estate, Beaumont Leys. He drives a Jaguar XJ.

QLittle Chef has announced the closure of hundreds of restaurants. Has the business had its day and where did it go wrong?

ATwenty years ago, I was a regular visitor to Little Chef, their Early Starter – available all day – was just the thing to satisfy an empty stomach. I can't remember the last time I ate there, let's face it, who has the time these days to spend an hour eating breakfast or lunch.

QWill the £32.7 billion high speed rail link connecting London with the North provide value for money? What are the alternatives?

AThe £32.7 billion is a high price to pay for a train line, but without doubt it's worth every penny. The benefit to Birmingham alone will be huge, cutting Birmingham's high unemployment rate and boosting growth. The UK's transport infrastructure lags years behind our European counterparts.

QShould Scotland gain independence. Will it help the UK? Will it help Scotland?

AScotland's road to independence is lined with unanswered questions – EU membership, economics, cost of transition and who would have the right to vote anyway?

This issue is for the people of Scotland to decide, and should Scotland gain independence then only the wisdom of time will prove the decision to be right or wrong.

QA poll said a fifth of people condone fiddling expenses. Is it an issue you worry about as a boss or does it only go on in big business?

AFiddling expenses goes on in most businesses. I don't worry about it and I certainly don't condone it, after all it's stealing. I trust the people I work with not to abuse the system.

QAs the Leveson inquiry into hacking continues, how should the press be regulated?

AThe press has a moral obligation to regulate its industry. Some national papers seem to believe they have the right to invade individuals' private lives in the name of public interest. The Leveson inquiry was long overdue.

QAre you worried that the Government is fudging the future high cost of today's private finance initiative schemes. Or is this expensive system the only way to afford capital investment in services such as new hospitals?

AI'm convinced that PFI, when structured properly and used to finance some projects, is a benefit to the UK. Saying that, looking at the past use of PFI to finance projects such as the building of schools and hospitals it has proved to be inefficient and extremely expensive to the taxpayer. The question is who made these deals and who's benefiting?

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