Rachel Reeves utterly disconnected to reality – it’s beyond a joke and UK is being ruined
If the economy sees any growth in 2026, it will be anaemic and fragile, says small business owner Tony Redondo.
The blows keep raining down on businesses under Labour (Image: Getty)
Let’s not beat around the bush. The policies of this Labour Government are destroying the UK economy, sending countless businesses under, decimating sentiment and causing entrepreneurs to flee overseas. What’s even more terrifying is that they cannot see this simple fact because those in the Government’s highest ranks have absolutely no experience in running a business and are totally disconnected from the economic frontline.
Rachel Reeves is like a modern-day General Melchett in Blackadder, sipping Earl Grey tea while regular businesses, bogged down in a thick fiscal mud, fix bayonets and go over the top in a frantic battle to protect their bottom line. Labour’s total disconnect with the business world was highlighted by a drinks evening the Chancellor held with a selected few scale-ups on Monday in Downing Street. For most businesses, the only thing that’s scaling up is their costs, stress levels and overdrafts, but Labour are handing out the nibbles to “the UK’s top entrepreneurs” in Number 10, claiming to be backing small businesses.
For Labour to make that claim alone is beyond a joke. It reveals that there is no gap between current political rhetoric and economic reality, but rather a chasm. If what the Government has done is to back small businesses, I hate to think what it would do if it were anti-small business.
Does Reeves think canapés with handpicked businesses will revive a moribund economy? If she does, we are all in serious trouble and may as well pull the shutters down now.
Under Labour, the blows keep raining down on business. Employers’ National Insurance is up, the National Minimum Wage is up, and all manner of taxes are up. The only things that aren’t up are GDP and confidence.
This week’s GDP data says it all. Businesses are at breaking point, terrified of investing and buckling under the immense weight of tax, while households aren’t spending — and who can blame them?
We’re now reliant on the Bank of England to deliver some much-needed relief next week in the form of a rate cut. Rarely has a rate cut been so important to the economy.
In my job as a forex broker, the only businesses I talk to who are confident at present are those that do most of their business overseas. They’re being helped by the weak Pound, another casualty of a Government out of its depth.
All the company owners I know who do their business in the UK expect another grim year in 2026, as the tax regime continues to grind them down.
If we get any economic growth next year, it will be anaemic and beyond fragile. And for that, Labour needs to look long and hard in the mirror.
