Business confidence has plummeted since Labour won election

CONFIDENCE among business chiefs has plunged since Labour came to power, a damning report reveals.

- By Giles Sheldrick

Less than a fifth of engineering and manufacturing firms believe the Government can solve a crippling skills shortage.

And 78% quizzed say there is not enough support available to boost their training fortunes.

Shadow Business Secretary Andrew Griffith said: "Labour just don’t understand business — it’s no wonder they’ve sent confidence plummeting.

"With their extreme union charter, record tax rises and tidal wave of red tape it’s an all-out war on business.

"The second best thing — short of them all resigning — this Labour Government could do to boost British businesses is to ditch the dreadful Employment Rights Bill."

Strategy

The figures come from the annual In-Comm Training Barometer, which quizzed more than 100 bosses.

For the first time since the survey started in 2018 less than half (46%) of businesses say they are planning to increase investment in their training budget.