That radical new Balls policy: increase taxes. Don’t say the bosses of some of the largest employers in Britain didn’t warn you:
Rob Templeman, chairman of the British Retail Consortium, Gala Coral and the RAC: “this tax increase would be bad for business in Britain. It would put the recovery at risk, deter investment and ultimately cost jobs”
Sir Stuart Rose, former executive chairman of Marks and Spencer: “This will put at risk all the good work that has been done to put the economy back on track.”
Mike Lynch, co-founder of Autonomy Corporation and former Labour donor:“The proposed tax increase would put jobs and the economic recovery at risk and discourage investment into the UK.”
Ian Cheshire, chief executive of Kingfisher: “Putting up the percentage rate is the wrong answer. When the rate was cut the total tax paid went up and the top 0.1% now pay over 30% of all income tax. Raising the rate is bad economics and sends an anti business message that may undermine investment plans and the recovery”
Dracula will be a vegetarian before Ed Balls balances a budget.