Following the Chancellor’s Budget last week, MPs are presently debating the measures introduced. In his speech yesterday afternoon, Windsor MP Jack Rankin attacked the Chancellor’s Budget measures, saying they will damage small businesses across Windsor and the rest of the country.
He blasted the employer national insurance hike as a “jobs tax”, going hand-in-hand with the “French-Style labour laws” coming out of the Employment Rights Bill, which he says will hit small businesses and foster an unproductive economic environment for growth.
This is backed up by the OBR’s growth forecasts, which are set to only reach 1.6% by the conclusion of this Parliament.
Jack accused government Ministers of having “a distinct lack of real-world private sector experience”, and drew upon his own childhood experience of watching the aspiration of his parents as they set up their successful small business in a tough part of urban Greater Manchester.
He warned the government that by pursuing an “adrenaline shot” today, they will ultimately damage growth by “attacking the private sector and throw money at unreformed public services.”
