'You realise why businesses are closing and not being able to take on young people,' David Reed said
Conservative David Reed has slammed Labour’s handling of the economy as “Socialism 101”.
Speaking to GB News, the Tory Shadow Defence Minister described Rachel Reeves’s measures as “absolute madness” that are seeing businesses close down.
“I think this is absolute madness. Just looking at Labour economics, this is socialism 101 with all these new taxes on businesses,” he fumed.
Listing off policies, Mr Reed said: “Employers' National Insurance increases, increases in the national minimum wage, business rates increases.
“Compound all that with higher energy costs, and throw in a bunch of new legislation on employee rights, and you realise why businesses are closing and not being able to take on young people.
“In the same breath, they’re saying they’re going to give taxpayer-funded grants out for businesses to be able to take on young people. It's absolute madness!”
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