Business leaders horrified by Lib-Lab coalition
By politics.co.uk staff
A group of 55 entrepreneurs have said a Labour-Liberal Democrat coalition government would be “totally disastrous” for British business.
In a letter to the Times newspaper the business leaders of firms including Avanta, Omnifone and Magicalia sought to raise their “significant concern” about the prospect of a Lib-Lab coalition.
The group’s political affiliations are clear. They said Labour had made Britain “hostile territory for entrepreneurial businesses”.
The Liberal Democrats’ policy is “even worse”, the letter added. Nick Clegg’s proposed capital gains tax hike was described as “short-sighted in the extreme”.
David Cameron’s Conservatives received wholehearted support. Tory opposition to Labour’s national insurance increase was applauded, while under a Cameron premiership “we are confident the UK can once more become a natural choice of location for talented business people”.
The letter concluded: “Having considered carefully the effect of all the above issues, we have reluctantly concluded that a Brown/Clegg partnership would be totally disastrous for British business, for British competitiveness and for British jobs.
“The undersigned therefore urge the public to vote in whatever fashion required to ensure neither Brown nor Clegg get to impose their anti-business policies on the UK for the next five years.”
