In a letter to the Daily Telegraph 103 senior executives have warned that a Labour Government could threaten the economic recovery.
The letter read:
We run some of the leading businesses in the UK. We believe this Conservative-led Government has been good for business and has pursued policies which have supported investment and job creation.
David Cameron and George Osborne’s flagship policy of progressively lowering Corporation Tax to 20% has been very important in showing the UK is open for business. It has been a key part of their economic plan.
The result is that Britain grew faster than any other major economy last year and businesses like ours have created over 1.85m new jobs.
We believe a change in course will threaten jobs and deter investment. This would send a negative message about Britain and put the recovery at risk.
The signatories include five former Labour Party supporters, Surinder Arora, Duncan Bannatyne, Sir Charles Dunstone, Sir Cameron Mackintosh and Moni Varma.
The Conservative Party welcomed the intervention and said in a statement:
“Their message is clear. A change of course will threaten jobs, deter investment and put the recovery at risk.”