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.