In a letter to the Editor of the Redditch Standard, published in today's paper (December 06th), Rachel said:
"Business confidence in the UK has plummeted to levels not seen since the pandemic. Why? It’s a direct result of the Labour government’s disastrous policies.
It’s hardly surprising Labour’s policies are having such a devastating impact on business when not a single member of the Cabinet has ever owned or ran a business.
They do not get what it takes to set-up a business, the risks you take or the pressures felt by business owners.
As you all know, when I was your MP I supported business because I knew how hard it was based on my own 30 years experience starting up and running a business.
Businesses are the engine of our economy. They create jobs, not government. But Labour doesn’t get that.
Take Labour’s breaking of their manifesto commitment by imposing a £25 billion National Insurance Jobs Tax. Businesses are warning that this Jobs Tax will lead to price rises and job cuts, and now their warnings are coming true with supermarkets warning of a return to inflation, pubs pushing up the price of a pint, and employers across the country warning of redundancies.
New analysis by Bloomberg shows the impact of Labour’s Jobs Tax will be felt mostly through a reduction in hours - which may cost 130,000 British jobs.
Following Labour’s first Budget, the British Retail Consortium wrote to the Chancellor with over 80 businesses including Aldi, Amazon, and Tesco warning that ‘for any retailer, large or small, it will not be possible to absorb such significant cost increases over such a short timescale. The effect will be to increase inflation, slow pay growth, cause shop closures, and reduce jobs, especially at the entry level.’
Labour claim to be the Party for working people, but the policies they’re pursuing will hurt working people the most through higher prices, higher bills and slow pay growth.
I’m afraid Labour’s betrayal of business is damaging the economy and harming working people; and Conservatives will do all we can as an effective opposition to stop Labour’s National Insurance Jobs Tax.
This is Labour’s Britain, and we’re only five months in."
