Apparently a Labour government would be a catastrophe, according to Stefano Pessina, the acting chief executive of Boots.
This is apparently because Labour have campaigned against high levels of executive pay, described capitalists as “predatory”, announced plans to restore the 50p top rate of income tax, pledged a “mansion tax” on homes worth more than £2 million and promised to freeze energy companies’ prices for 20 months.
Let's take a look at some of Labour's policies:
We will share the burden fairly: protecting everyday working people by ensuring those with the broadest shoulders bear the greatest burden, by clamping down on tax avoidance, reversing the Tories' tax cut for millionaires, and introducing a Mansion Tax on houses worth over £2 million to help save and transform our NHS. - I can see why the head of a company that alledgedly avoids tax, and who has benefited from tax cuts would be against this.
We will increase the National Minimum Wage to £8 an hour by the end of the next Parliament – to help ensure that those doing a hard day’s work are rewarded for doing so.
We will increase fines for employers who fail to pay the minimum wage and give local authorities a role in enforcement.
We will introduce ‘Make Work Pay’ contracts, giving a tax rebate to those companies that sign up to become living wage employers in the first year of the next Parliament.
We will require listed companies to report on whether or not they pay the living wage. - Businesses being held accountable for how well they treat their staff? Can't have that.
Let's be honest here - heads of big business will always be against policies that threaten their interests.
A Labour government a catastrophe? Yes, it would be - for anyone who is against people being treated fairly, and anyone who wants to make money by exploiting the workers.