In a letter to the Daily Telegraph, they said Labour’s 1p in the pound rise in April had come at the wrong time and could result in heavy job losses. The 23 signatories include nine heads of top FTSE 100 companies suc as Sir Stuart Rose, executive chairman of Marks & Spencer, Justin King, chief executive of Sainsbury and entrepreneurs such as Sir Stelios Haji-Ioannou of easyGroup.
They argue that over the last couple of years private sector business has had to make cuts and now the public sector should be prepared to do the same.
“The state must look to enable our public servants to make savings. This can be done by removing ....Whitehall interference,” the letter said.