Commenting on the Leader of the Opposition’s keynote speech at the Labour Party Conference, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:
“There is a rising concern amongst businesses about the two largest parties in Westminster, with one flirting with fantasy economics while the other engages in an unedifying playground bust-up.
“Businesses of all sizes want to see pragmatism, realism and economic competence across the political spectrum at such a critical moment for the United Kingdom.
“Jeremy Corbyn’s speech will have done little to reassure companies already worried about widespread state intervention, nationalisation, and the radical increases in taxes and costs they could face under a future Labour government. Investors, both here at home and across the world, are also taking note.
“While Jeremy Corbyn is right to say that government must play an active role in shaping the economy, and in encouraging long-term wealth creation in every nation and region of the UK, this needs to happen in partnership with business, not by demonising it.
“Business communities across Britain, like Labour, want to see rising living standards, better skills and higher productivity. An atmosphere of confidence and trust is needed to make this a reality.”