Director general John Longworth, in a passionate open letter today to the leaders of the main parties, demanded that they focus on “strategic vision over tactical headline-chasing”.
He stated: “In December I wrote to the UK party leaders with a call from business to act responsibly during the election campaign and put the UK’s long-term success over political tactics and point-scoring. All the major parties responded with a clear commitment to act in the interests of the economy and growth. With only a couple of weeks left in this campaign, it is impossible to remain silent in the face of mounting evidence to the contrary.”
Longworth said that despite some encouraging statements and positive ideas in manifestos it seemed to him that on the campaign trail “strategic vision and evidence-led policy have been left on the bus”.
He continued: “In their place we’ve had tactical headline-chasing and lazy assumptions; a reliance on populist statements, not economic common sense; and niche policy announcements, rather than a focus on the fundamentals. For example, issues like how the UK earns its way in the world go unaddressed. Worryingly, the parties are also taking it in turns to propose new interventions in markets. These measures simply serve to side-step regulators and experts, rather than strengthening their hand.”
Read more from about the British Chambers of Commerce:
- Lack of careers advice impacting youth employment prospects, says BCC
- Set Annual Investment Allowance at permanent £500,000 level, states BCC
- BCC joins calls for business rates reform
He said that the main parties are competing to make ever more strident pledges to freeze taxes and ring-fence spending for the life of the next parliament, without being able to see very far down the economic road ahead.
“No well-run business would tie its hands in this way,” he warned.
Dishearteningly, he added, there have also been policy proposals that, if enacted, “would undermine entrepreneurship, aspiration and business growth”.
He concluded: “We have heard ideas to raid pension savings, create new levies on companies, and limit the tax relief available for genuine wealth creators and small investors, to name but a few. Constraining those willing to take the risks needed to grow businesses demonstrates a lack of leadership. It is counter-productive and deeply troubling. In the final few weeks of the campaign, I urge you to bring the focus back to long-term growth. Business people want to see a clear and unapologetic vision for the UK’s future success in an ever more competitive and dangerous world. Our shared prosperity depends on it.”
Share this story