Labour's a barrier to growth

The Small Business Research Trust has issued the results of its regular survey of small businesses. The results are a pretty damning indictment of the cul-de-sac where Labour has parked the UK economy.

Taxation (including National Insurance) was selected by 63% of owner-managers as a barrier to growth, followed by employment regulations (58%) and business rates (49%).

[...] 

Around one-quarter of smaller businesses see recent increases in the National Minimum Wage and holiday entitlement as a disincentive to employing more people, typically 1-2 extra employees in the last 12 months. 

This could have cost the UK economy 300,000 jobs. Of course this is something which doesn't bother Gordon in the slightest because that's 300,000 more people who depend on him for their daily bread. What's 300,000 people on the scrapheap when you've got elections to worry about?

Comments

[Carlotta]

Thanks for sorting through that, Bishop. Will be using that link in the future, I'm sure.