It is the end of the month and the end of a quarter. Britain’s over-taxed small business owners will be worrying about cash-flow. Is there enough cash to make payroll at the end of the month? Will the bank extend the overdraft? Can they find the money for the quarterly VAT bill? Small businesses are the canaries of the economy, the job creators, fast to grow, fast to shrink.
Ed Miliband knows nothing about this, he has never had those worries, profiteering is not a good word for him, it is bad, despite profits bringing jobs and profits paying taxes to support the unproductive. He sits at the top of the table in a shadow cabinet that has not one member who has started or owned a for-profit business. That inexperience is why he prattles on incoherently about business predators.
UPDATE: Exception that proves the rule and it was a government supplier:
Correction: Am told that Liam Byrne launched a software company 'e-Government Solutions' after he left Rothschilds Investment Bank.—
Guido Fawkes (@GuidoFawkes) September 29, 2011
Flogs software to the public sector…