He said that more businesses failed in 2002 than in any year since 1994.
Yeo pledged that a Tory government would slash away the unnecessary rules and regulations brought in by Labour which hamstrung cutting-edge companies.
He told he Tory conference in Blackpool: ‘Under Labour Britain has become the worst place to do business.
‘In four years small business failures have trebled. More businesses went bust in 2002 than in nay years since 1994. Company profits have fallen to their lowest level since 1993. Unlike Labour we’ll make Britain a better place to do business.
‘We’ll cut regulation, which the Institute of Directors says costs Britain £6bn a year. We’ll halt the rise in business taxes.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements