What the Lib Dems say they will do for business

Jo Swinson made her pitch to industry leaders at this year's CBI conference.

by Stephen Jones
Last Updated: 20 Nov 2019

Outlining her party’s plans to delegates at the CBI’s annual conference the Liberal Democrat leader Jo Swinson was keen to portray her party as the "natural" home for business. 

Here’s what she’s promised. 

Axe business rates

In a bid to support SMEs Swinson promised to replace business rates with a tax paid by landlords, an approach that CBI director Carolyn Fairbairn said was "mired in complexity".

Boost skills

The party has also proposed the creation of a 'skills wallet' aimed at improving the rate of lifelong learning.

Under the policy every adult in the UK will receive £10,000 to put towards approved education and training courses. The grant will come in three installments over 30 years when adults are 25, 40 and 55, and will be paid for by returning corporation tax to pre-2016 levels of 20 per cent. 

Employee oversight and more caring business

In order to rebuild trust between workers and bosses, Swinson has pledged to ensure that all companies with over 250 staff have at least one employee at board level. 

She also intends to introduce a "general duty of care" that forces businesses to give greater consideration to their environmental impact and their stakeholders. 

Scrap Brexit

The Lib Dems are running this election as the most strident Remain party and have pledged to revoke Brexit and stay in the EU if they’re victorious. 

"We believe any form of Brexit, hard or soft, blue or red, will be bad for jobs, bad for business and bad for public services," said Swinson who has said that revoking Article 50 will boost the UK economy by £50bn.

 

Image credits: Leon Neal / Staff via Getty Images

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