This manifesto working paper examines how to create a policy environment where small businesses can thrive.
Britain’s success has been built on free enterprise. Yet Britain is now 83rd in the world for regulation, 94th for taxation and struggling to compete internationally on education and infrastructure. In many emerging economies markets are viewed as a source of liberation; in Britain they are regarded with scepticism. In the minds of the public the market is decoupled from meritocracy. Liberal economics have been blamed for everything from excessive bankers’ bonuses to misguided monetary policy.
Conservatives need to recast the argument about free enterprise for a new age, or risk losing the debate to a tide of anti-market socialisation. That’s why a new group of Conservative MPs “The Free Enterprise Group” has formed.
- Elizabeth Truss MP,