Is Labour losing the battle for the business community?
Despite the fact that Gordon Brown and Lord Mandelson have issued specific pledges to the UK business community to cut red tape by 2015 and introduce 1 million new skilled employment positions it seems as though the business community is very much on the side of Conservative party at the moment. If Gordon Brown is to stand any chance of re-election he needs to grab the hearts and minds of business leaders in the UK who hold massive sway over their workforce.
The ever-increasing red tape in the UK business sector, the national insurance debacle, the increasing retirement age and other business-related issues have all come together to create a nightmare scenario for the UK government ahead of the election. There is serious concern that the constant battle with business leaders is starting to affect support for the Labour Party and with time running out is difficult to see how Gordon Brown can "pull this one out of the bag".
It is interesting to see that Lord Mandelson, after his confrontation with business leaders last week, has been fairly quiet over the last few days. It is believed that he is pulling the strings behind the scenes and has taken something of a back step with regards to media presentations and media interviews.
Share this..
Related stories
The UK recession increases demand on local services
The ongoing recession in the UK has seen a large spike in applications for state schools, housing benefits, help for the elderly and other public services. This is set to place enormous pressure on local government budgets which have already been cut back by central government over the last few months. When you also throw in the recent losses on Icelandic bank deposits as well as suggestions that...
Read MoreRecession Watch : Bank of England
In the early days of the UK recession, like so many regulators around the world, the Bank of England effectively "got it wrong". Nobody had ever seen a situation developing such as that which transferred from the US sub-prime mortgage market to the worldwide money markets. The fact that many banks in many countries had significant exposure to the US, by far the largest financial market in the worl...
Read MoreCBI criticises Scottish government
Ian McMillan, the director of CBI Scotland, has issued a New Year message to the Scottish government citing "disappointing behaviours" by the authorities in Scotland. Despite the fact that Mr McMillan had initially been upbeat about the performance of the Scottish government in the early days of the recession, he believes that now is the time for action not words and there have been mistakes made...
Read MoreFat Cat pay in the City to be curbed
In what seems like a joint effort by the UK and US authorities it seems as though the so called Fat Cat pay model in the City could well be on the way out. While there is very little they can do from a legal standpoint the authorities have chosen to work from within by taking stakes in some of the weaker UK banks and introducing new salary caps as part of the deal.
It is very much...
UK set for deepest recession since 1940
A number of independent think tanks are suggesting that 2009 will see the sharpest fall in UK GDP since the 1940s. This reflects mounting concern that the UK recession could be longer and deeper than anyone had thought throughout 2008. There are also real concerns that we could see that a return of the credit crunch in the first quarter of 2009 with banks set to struggle and possibly need to retur...
Read More