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Business leaders sign letter endorsing Tories


The Daily Telegraph has published a letter signed by over 100 company leaders declaring support for a Conservative led government.

The letter claims that the company leaders support the Conservatives economic decisions, such as the reduction in corporation tax from 28% to 20%. It also claims that a “change in course” by a Labour government would risk economic recovery.

The letter said:
“David Cameron and George Osborne’s flagship policy of progressively lowering corporation tax to 20 per cent has been very important in showing the UK is open for business. It has been a key part of their economic plan.

We believe a change in course will threaten jobs and deter investment. This would send a negative message about Britain and put the recovery at risk.”

Labour has chosen to dismiss the letter and reiterated its policy to lower business rates for small firms, and to curb zero hour contacts.

Chuka Umunna, Labour's shadow business secretary, said:
"No one will be surprised that some business people are calling for low taxes for big businesses.
"That's nothing new and under Labour Britain will have the most competitive corporation tax rate in the G7.
"But whilst the recovery may have reached some firms it hasn't reached many others which is why we will prioritise tax cuts for the smallest firms with an immediate cut in business rates for 1.5 million small business premises."

Chancellor George Osborne said:
"An intervention on this scale and with this clarity from Britain's business leaders is unprecedented in any recent general election."

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