Labour's continual pessimism about the state of the UK economy is likely to be more damaging than the £22 billion deficit they inherited, warns the CEO of one of the world's largest independent financial advisory and asset management organisations.
Talk of increasing National Insurance contributions—in essence a jobs tax—capital gains tax, inheritance tax, higher fuel duties, and potential raids on pension savings is sending shockwaves through both the domestic and international business community.
Their relentless focus on what they call an economic black hole has undermined faith in the UK's prospects, leaving investors wary and businesses feeling cornered.
Businesses represent livelihoods for millions of people, and each job cut due to this economic pessimism can have devastating consequences across families and communities.
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