"Speaking on Times Radio, Lord Rose declared: "I believe we're genuinely at the edge of a crisis. If we don't take some radical action and take notice of what's going on, we're going to find ourselves in a very difficult spot." Rose said Labour had failed to deliver on its promise of making growth the government's number one mission. "There isn't a direction of travel," he argued. "There is no travel. We're actually standing still in a lay-by while we decide what to do.""
"With the next Budget not due until 26 November, he warned Britain was "stuck for three months waiting with real anxiety" over what level of new taxes Reeves might impose. Turning to Labour's flagship Employment Rights Bill, Rose suggested the timing was wrong, saying the legislation would make it harder for firms to hire. "We've had a very flexible labour force. Why make it harder now?" he asked."
Britain is portrayed as being at the edge of an economic crisis, with calls for radical action to restart growth and create jobs. A major industrial investor has halted UK investment and redirected billions to the US in response to recent tax increases. The government's £40bn programme of tax rises is blamed for derailing the economy and increasing pressure on the Chancellor ahead of the 26 November Budget. Economic momentum is described as stalled, with concerns that new employment legislation could make hiring harder. Rising sickness absence, reaching almost two weeks per employee annually—the highest in 15 years—adds to business concerns.
Read at Business Matters
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