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Cameron makes business promises

Jul 17 2008

Cameron makes business promises

David Cameron has promised to make things better for small businesses if he is made prime minister at the next election.

Speaking to delegates at a conference held by the Confederation of British Industry, the leader of the Conservative party said: 'It's businesses that create jobs and people who create wealth.'

'We run the real risk of throwing away all economic gains of the 1980s and 1990s unless we act decisively,' he continued.

If the Conservatives were in power, he said, their policy would include an adaptation of the US Chapter 11 system which gives businesses 'breathing space' to work out a recovery plan before bankruptcy.

Cameron added that the party would cut corporation tax to 25 pence and fuel taxes would be subject to a 'fair fuel stabiliser', which would prevent petrol prices from causing problems for consumers and businesses.

In an interview with the Independent, Robert Chote, director of the Institute for Fiscal Studies warned that if they were to become the government, ' the Conservatives may inherit a position in which the public finances demand that taxes go up'.

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