Wednesday 25 February 2015 9:17 pm

Fast-growth businesses wary of a Labour government

The Labour party’s uncomfortable relationship with the world of business is laid bare this morning, with a new survey revealing that fewer than seven per cent of fast-growing firms think its policies would support their growth.

When asked “which political party do you think has the best policies to support your business’s expansion?”, 71 per cent named the Conservatives, while just 6.6 per cent named Labour.
Minor parties fared poorly, with just one per cent citing Ukip, and three per cent citing the Greens. The Liberal Democrats also scored just three per cent. 
The survey was conducted by City A.M. in partnership with Mishcon de Reya. It is the first in a series of monthly polls gauging the views of 100 enterprising and fast-growing UK firms.
Ed Miliband’s party has been criticised by top business figures this year, over fears that a Labour-led administration would be adversarial towards the private sector.
Respondents to this survey revealed concern that a Labour government could cut back on entrepreneurs’ relief.
Shadow business secretary Chuka Umunna insisted last night that his party is not anti-business. “Throughout this parliament Labour has been working closely alongside small businesses and entrepreneurs, including through our Entrepreneurs Network and Small Business Taskforce, to make sure our policy offer reflects their needs and supports a thriving business community,” Umunna said. “We are clear that we want to see more people starting, leading and working in business.”
The survey also revealed that some Tory policies are unpopular, such as immigration restrictions.