Beecroft lashes out at Cable over briefing
ADRIAN Beecroft, the venture capitalist who has produced a radical set of employment reforms for the government, yesterday hit out at business secretary Vince Cable, calling him a “socialist” who “appears to do very little to support business”.
Beecroft’s long-awaited jobs report was released on Monday and contains proposals to roll back employment law by making it easier to sack workers, discouraging frivolous employment tribunals and exempting firms with fewer than ten employees from new European Union regulations.
But the business secretary appeared to block proposals to allow “no fault dismissals” after his aides said the plan was “bonkers”.
In response Beecroft told the Daily Telegraph that Cable’s objections were “ideological not economic” and “people find it very odd that he’s in charge of business”.
He also said the Conservatives are keen to tackle business concerns about employment law but “the Lib Dems will have none of it”.
At yesterday’s Prime Minister’s Questions Labour leader Ed Miliband said the proposals showed that “the nasty party is back”.
David Cameron replied that he would consult on no-fault dismissal but “only for micro-businesses”.