Thursday, 17 May 2012

Is ?bash business? a deliberate govt strategy?

Is the government in danger of handing over its reputation for being pro-business to Labour?

William Hague’s message in yesterday’s Sunday Telegraph that businesses should “work harder” to promote growth was certainly bold.

At a time when the economy is stagnating and the government’s strategy is increasingly being questioned, turning round and blaming the sector of the economy you’re relying on to turn that round seems like a reckless strategy.

Before we get on to why it’s not a good idea to blame business for not supporting growth, let’s mention why Hague has a point:

  1. The govt is implementing the cuts programme many business groups have supported, and is sticking to it.
  2. Corporation tax is low and getting lower – on its way down to 20 per cent.
  3. Embassies around the world are pushing UK trade as their top priority, and the prime minister has taken huge business delegations on state visits with him on several occasions.

Source: http://feedproxy.google.com/~r/ft/westminster/~3/cb26kVi53yw/

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