Instead of allowing SMEs to thrive, Labour is punishing them
From day one, this Labour government has prioritised the interests of unions and the public sector over the businesses that actually generate jobs and growth, says Danielle Dunfield-Prayero
Labour’s true colours are now on full display. Despite years of warm words to business in the run-up to the General Election, their instincts remain unchanged: the public sector comes first, while the private sector is treated with suspicion – if not outright hostility. Business is not seen as a driver of prosperity but as a piggy bank to fund ideologically driven policies. No one is paying a higher price than the small and medium-sized enterprises (SMEs) that form the backbone of the British economy.
From day one, Labour has introduced policies that make wealth creation harder, focusing relentlessly on redistribution instead. For instance, they have hiked the minimum wage, expanded employment rights in ways that deter hiring, and increased national insurance contributions – each decision designed to prioritise the interests of unions and the public sector over the........
© City A.M.
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