"British businesses are right to be concerned about the rise of Reform UK and should demand far tougher scrutiny of the party's economic plans, according to Liam Byrne, the Labour chairman of the House of Commons business and trade select committee. In an interview with The Times, Byrne said that if Reform were to become the dominant force on the political right, companies would need to take a much closer look at its policies and credibility."
""If Reform is set to become the predominant party of the right, then businesses absolutely are going to need to understand where they're coming from," Byrne said. "Particularly when the economic evidence says that populist, interventionist administrations are pretty catastrophic for the economy. The next year or two are going to be quite important for the business community in really getting their head around the reality of Reform.""
"Reform, led by Nigel Farage, has begun courting business leaders more actively, though some executives remain cautious. In November, the party's head of policy, Zia Yusuf, took part in a high-profile question-and-answer session at the annual conference of the Confederation of British Industry, an appearance widely seen as an attempt to demonstrate openness to scrutiny from corporate leaders."
Liam Byrne, chairman of the House of Commons business and trade select committee, urged British businesses to apply far tougher scrutiny to Reform UK's economic plans as the party gains support. Companies must closely examine Reform's policies and credibility given evidence that populist, interventionist administrations can harm the economy. Reform is polling strongly while stepping up engagement with corporate Britain as Labour and the Conservatives seek to rebuild investor trust after economic turbulence. The party has courted business leaders, with Zia Yusuf appearing at the CBI conference and Richard Tice due to address a City investor event in January.
Read at Business Matters
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