Labour’s Anti-Business Stance is Attacked
Following the announcement that a future Labour Government would increase the top rate of tax from 45% to 50% a group of 24 senior British business people have written to the Daily Telegraph to attack the anti-business stance being adopted by Shadow Chancellor and Ed Balls.
The letter is as follows:
We are concerned to see Ed Balls and the Labour Party calling for higher taxes on businesses and business people.
We think that these higher taxes will have the effect of discouraging business investment in the UK.
This is a backwards step which would put the economic recovery at risk and would very quickly lead to the loss of jobs in Britain.
John Ayton, Chairman, Bremont
Karren Brady, Vice Chairman, West Ham United
Sir Ian Cheshire, Chief Executive, Kingfisher
Neil Clifford, Chief Executive, Kurt Geiger
Andrew Coppel, Chief Executive, De Vere Group
Peter Cullum, Executive Chairman, Towergate
Philip Dilley, Chairman, London First
Rupert Gavin, CEO, Odeon UK
Michael Gutman, Chief Executive, Westfield Group
Anya Hindmarch, Founder, Anya Hindmarch
Brent Hoberman, Executive Chairman, mydeco
Luke Johnson, Chairman, Risk Capital
Mike Lynch, Chairman, Invoke Capital; Founder, Autonomy
Alistair McGeorge, Chairman, New Look
Charlie Mullins, Founder and CEO, Pimlico Plumbers
Tim Oliver, Founder and Chairman, Hampden
Sir Stuart Rose, Chairman, Ocado
Rob Templeman, Chairman British Retail Consortium, Gala Coral and the RAC
Michael Tobin, Chief Executive, Telecity
Ted Tuppen, Founder, Enterprise Inns
Joseph Wan, CEO, Harvey Nichols
Will Wyatt, CEO, Caledonia
Sir Hossein Yassaie, Chief Executive, Imagination Technologies
This letter is signed in a personal capacity.
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