Ahead of the Budget, members of the Free Enterprise Group met with George Osborne to talk through ideas on tax and spending.
“Five years ago, the Free Enterprise Group was formed from amongst the then new intake of Conservative MPs. The 2010 General Election was run against the backdrop of an economic downturn, recent banking failures and a significant loss of confidence in free market economics.
“The new intake of 2015 come to Parliament at a time when the UK’s economy is improving but still fragile; banks have stabilised but are still distrusted, and regular protests against capitalism and free markets are the norm. Additionally, global political and economic instability, revolution and terrorism are never far from the front pages. It is as important as ever that liberal, free market principles are restated and practical free enterprise policies proposed to the new Conservative government.”
– James Cleverly MP,
“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.”
– Rt Hon Elizabeth Truss MP,