The CE’s of some of the biggest companies in Britain are meeting with the Prime Minister and will be telling him in no uncertain terms that he has to do more to support their growth, as well as issue him with a warning that the UK is displaying an attitude towards them that is becoming increasingly ‘toxic’.
These chief executives are actually members of Mr Cameron’s business advisory group, which was initially set up with the aim of improving the relations between those in the city and the coalition. They are expected to tell the PM that the atmosphere as far as UK businesses in concerned has become rather poisonous.
The face off between the PM and the bosses of such companies as Centrica, J Sainsbury and the Prudential comes at a time where relations between the Government and the private sector are under particular strain. Sources that are close to these companies have said that the feeling is that the Government only supports them when it suits their own agenda.
The general consensus is that the Cabinet seems to be making all the right noises regarding SME’s, but isn’t doing the same for larger companies. The Foreign Secretary William Hague has further inflamed the tension by telling the critics of the Government who are in business that they should get on with creating more jobs and more experts instead of just complaining all the time.
The shadow business secretary, Chuka Umunna, has said that the Government area refusing to listen. He said that William Hague has said that their businesses should be getting on a place and selling things overseas as if this was something that they had never thought of, yet they have been doing this all along, but need the Government’s backing to succeed.