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Top bosses sign letter backing Tories

Over 100 company bosses have given their support to the economic policies of a “Conservative-led” Government.

In a letter in the Daily Telegraph, published today, 103 business chiefs back the reduction in corporation tax from 28 per cent to 20 per cent over the life of the parliament.

The bosses, who collectively employ over 500,000 people, argue a “change in course” by a Labour government risks the economic recovery.

The letter says: “David Cameron and George Osborne’s flagship policy of progressively lowering corporation tax to 20 per cent has been very important in showing the UK is open for business. It has been a key part of their economic plan.

We believe a change in course will threaten jobs and deter investment. This would send a negative message about Britain and put the recovery at risk.”

Senior executives who have signed the letter include outgoing Prudential chief executive Tidjane Thiam, Bloomberg chairman Peter Grauer and former Labour supporter and Dragons’ Den star Duncan Bannatyne.

EY UK & Ireland boss Steve Varley, Towergate founder Peter Cullum, Numis chief executive Oliver Hemsley and Metro Bank founder Vernon Hill also signed.

It comes as Labour is set to announce plans to tighten up the rules around zero-hours contracts, which would give workers the right to a regular contract after 12 weeks.


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There are 4 comments at the moment, we would love to hear your opinion too.

  1. And two years of uncertainty followed by the genuine possibilty of withdrawal from the EU won’t deter investment?

  2. Of course these bosses want to lower corporation tax, they can then award themselves huge bonuses while the Tories continue to bash kids for not having full time employment. These people do not relate to the average UK citizen at all, from David Cameron through to Tidjane Thiam; so why give them such a platform to promote self interest?

  3. I saw a poster today in a 1940s style saying the Tories voted against the NHS (which they did before it existed). This is about as relevant as Greece bringing up war reparations against Germany when the vast majority of living Germans and Greeks were not even alive during world war 2!
    I think we should blame the Vikings, second thoughts the Normans and try and get war damages.
    Left and Right are not the same as “right and wrong”, POLICIES are what matter, but as with Nuclear weapons in my case, my opinion of their appropriateness for the UK to maintain has changed as the world has changed. Us owning them no longer works as a “deterrent” and the irony is when you realise that as part of Nuclear disarmament, the Ukraine gave up it’s own Nuclear weapons under the (what is proving now false belief) that Russia would protect them from external aggression. I bet they wish they hadn’t given them up now…..

  4. I am utterly shocked by this headline – whatever next?!? Trade Union leaders sign letter backing Labour?!?

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