Only 33% of MDs, FDs and other senior management representing 135,000 companies across the country felt Labour was working for industry, according to research by accounting firm Baker Tilly.
The most disillusioned business sectors were transport & communication and hotel & catering where more than 80% of senior managers reported discontentment with the government’s policies. They were followed closely by retail, manufacturing and wholesaling.
Geographically, support for Labour’s business initiatives dropped steeply outside of London, with 89% of companies in the South West and more than 70% of companies in the East Midlands, North West, West Midlands and Yorkshire expressing dissatisfaction with the government’s commitment to developing the British economy.
Baker Tilly national managing partner Laurence Longe said: ‘Businesses in every sector and region are struggling daily to deliver customer satisfaction, improve their companies’ financial performances and to boost local employment and economic conditions.
‘British businesses need long-term economic and taxation policies which enable them to thrive, not soundbites designed to snag votes or look good on the ten o?clock news.’
With Gordon Brown’s Budget looming, he added: ‘We urge the chancellor to think about the needs of entrepreneurial businesses and develop policies, which help them thrive.’
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