Business leaders back Labour’s economic focus

A group of 63 business leaders have written an open letter, backing Labour’s handling of the economy.

The letter, published in the Financial Times, praised the party for presiding over an ‘unprecedented’ period of economic growth and stability.

Signatories included Amstrad chairman Sir Alan Sugar, ITV chief executive Charles Allen and Allied Domeq chairman Sir Gerry Robinson.

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The release of the letter appeared to have been timed to coincide with a move by Labour to shift the focus of the election campaign back on to the economy, after the party came under attack over the weekend on Iraq.

The letter said: “Economic stability and a competitive tax framework have created the environment for business to invest for the long term, raising competitiveness and creating wealth and employment across the UK”.