UKIP economic spokesman Patrick O’Flynn today criticised the boss of the CBI for expecting taxpayers to pick up the cost of measures to improve worker living standards while failing to address the issue of wholesale tax avoidance by multinational corporations.
CBI director general John Cridland says he wants more state subsidies for childcare to combat the living standards crisis for workers. He also warned against leaving the EU – without owning up to the fact that the CBI receives funding from the European Commission.
Mr O’Flynn said: “This is the big business lobby group that insisted the only viable economic future for Britain was as a member of the euro, so its judgments should always be questioned.
“Now it is calling for more state employment subsidies, even though the public sector is running a £100bn deficit. It also wants a continued open door on EU immigration, thus allowing big business an unlimited source of cheap labour. Effectively it is asking the public realm to take all the financial strain of boosting living standards while huge corporations funnel remuneration towards boardrooms and senior executives and away from the shop floor.
“Furthermore, I have heard nothing yet from the CBI about how to tackle recent revelations of the scale of aggressive tax avoidance by big corporations or about the role that the EU plays in facilitating such avoidance.
“The blend of big business and big government that the CBI represents is not a path to prosperity for most working people. It wants to lock Britain into an undemocratic European superstate that uses excessive regulation as a way of keeping small and medium-sized companies from breaking into a cosy corporate cartel.
“This ludicrous and exaggerated sense of entitlement reminds me of the attitude of trade union leaders in the 1970s.
“The real economic challenge for Britain is to give a better deal to the self-employed and to those small and medium-sized businesses that create most of the new jobs. That way we can create a dynamic, entrepreneurial economy.
“Seeing Labour leader Ed Miliband today roll over to have his tummy tickled by the big business barons is another reminder that no part of the LibLabCon is offering the radical economic change that Britain needs.”