Business and Wonks Pan May’s Speech

Theresa May’s speech and Amber Rudd’s rhetoric have gone down like a cup of cold sick with business, wonks and free marketeers:

Institute of Directors:

“Business leaders are not pantomime villains, evading taxes and employing cheap labour from abroad out of some destructive desire to do Britain down… Plans to ‘name and shame’ companies who employ foreign workers, aside from adding to bureaucracy, send precisely the wrong message. The Prime Minister should instead listen to her own advice and remember that, in Britain, it doesn’t matter where you were born.”

Institute of Economic Affairs:

“This was an alarming attack on free markets and the Prime Minster’s pledge for more state intervention in business completely disregards the evidence that competition, deregulation and a light-touch approach breeds the best results.”

The Confederation of British Industry:

“Government must build on the great things so many firms are already doing and not impose approaches that look good on paper, but don’t make a difference in practice. Placing workers or consumers on boards can be a solution for some firms, but may not be the only or even best way of changing company culture.”

Adam Smith Institute:

“Mrs May’s speech was the opposite of pragmatic. We call on the Prime Minister to abandon her ideological attachment to interventionist economic policies, look at the evidence, and accept that it tells us that markets, not the state, are the solution to our problems.”

TaxPayers’ Alliance:

“The Prime Minister claims to believe in a low tax society, but action is needed to relieve taxpayers of the crippling tax bill plaguing every family and threatening economic growth. Mrs May spoke of balancing the books but by relaxing fiscal targets and continuing to overspend, hard-pressed families will each fork out £41,000 this year.”

Andrew Lilico:

“Rudd/May are over-compensating on immigration cos they backed Remain and think it’s a Leave voter caricature they must placate, not Leave’s case.”

The Bow Group however loved it. Tells you all you need to know.




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Quote of the Day

Jeremy Corbyn in the Evening Standard

“… we must also face the uncomfortable fact that a small number of our members and supporters hold anti-Semitic views and attitudes, which need to be confronted and dealt with more rapidly and effectively.

The evidence is clear enough. Labour staff have seen examples of Holocaust denial, crude stereotypes of Jewish bankers, conspiracy theories blaming 9/11 on Israel, and even one member who appeared to believe that Hitler had been misunderstood.

So let me be clear. People holding those views have no place in the Labour Party.

… we have not done enough to get to grips with the problem, and the Jewish community and our Jewish members deserve an apology. My party and I are sorry for the hurt and distress caused. … We must strive to understand why anti-Semitism has surfaced in our party…

… when criticism of or opposition to the Israeli government uses anti-Semitic ideas — attributing its injustices to Jewish identity, demanding that Jews in Britain or elsewhere answer for its conduct, or comparing Israel to the Nazis — then a line must be drawn.  Anti-Zionism is not in itself anti-Semitic and many Jews themselves are not Zionists. But there are also a very few who are drawn to the Palestinian question precisely because it affords an opportunity to express hostility to Jewish people in a “respectable” setting. Our movement must not be a home for such individuals.

Second, there are people who have come to see capitalism and imperialism as the product of conspiracy by a small shadowy elite rather than a political, economic, legal and social system. That is only a step from hoary myths about “Jewish bankers” and “sinister global forces”.

These views do no service to the struggle for a just society.”

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