{"id":278285,"date":"2026-03-23T09:33:05","date_gmt":"2026-03-23T09:33:05","guid":{"rendered":"https:\/\/dominiclevent.com\/blog\/?p=278285"},"modified":"2026-03-23T09:33:05","modified_gmt":"2026-03-23T09:33:05","slug":"ministers-are-sacrificing-growth-for-votes-say-top-business-bosses","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/ministers-are-sacrificing-growth-for-votes-say-top-business-bosses\/","title":{"rendered":"Ministers are sacrificing growth for votes, say top business bosses"},"content":{"rendered":"<p><time class=\"date-time__time\" datetime=\"2026-03-23T08:05:08+00:00\">Monday 23 March 2026 8:05 am <\/time><\/p>\n<div id=\"\">\n<p><!-- Ads Injected --><\/p>\n<p>Government ministers have undermined the UK\u2019s long-term economic interests by becoming \u201ctrapped\u201d into making poor short-term policy decisions to appease voters, Britain\u2019s top business bosses have warned.<\/p>\n<p>The group of corporate leaders, which include Natwest chair Rick Haythornthwaite, Heathrow chair Philip Jansen and Barratt Redrow chair Caroline Silver, said successive governments have failed to prioritise long-term strategic decision-making.<\/p>\n<p>\u201cThe difficult trade-offs needed to strengthen the UK economy must be set out clearly and command broad support \u2013 something our politics has historically lacked,\u201d bosses wrote in a letter to the Times newspaper.<\/p>\n<p>\u201cFuture generations will inherit the consequences of our short-termism. They are optimistic and deserve better.\u201d<\/p>\n<p>The group, which also includes SSE chair Sir John Manzoni and Legal &amp; General chair designate Scott Wheway, have formed what they have called the \u201c2030 Prosperity Alliance\u201d in a bid to \u201cfill that gap\u201d left by a lack of long-term planning.<\/p>\n<div class=\"newsletter-auto-inject\" style=\"margin: 20px auto;\">\n<div id=\"mc_embed_shell\">\n<style type=\"text\/css\"><![CDATA[ #mc_embed_signup { background: #fff; clear: left; font: 14px Helvetica, Arial,sans-serif; width: 100%; max-width: 600px; margin: 20px 0; } #mc-embedded-subscribe-form { margin: 20px 0 !important; } .newsletter-form-flex { display: flex; gap: 0; align-items: center; margin-top: -10px; } .newsletter-form-flex input[type=\"email\"] { flex: 1; padding: 2px 10px; border: 1px solid rgb(18, 22, 23) !important; border-radius: 12px 0 0 12px !important; } .newsletter-form-flex input[type=\"submit\"] { padding: 4px 10px !important; margin: 0 !important; background-color: rgb(18, 22, 23) !important; color: rgb(255, 255, 255) !important; border: 1px solid rgb(18, 22, 23) !important; border-radius: 0 12px 12px 0 !important; } .newsletter-banner-content { margin-bottom: 15px; } .newsletter-banner-content h2 { margin: 0 0 10px 0; font-size: 18px; font-weight: 600; } .newsletter-banner-content p { margin: 0 0 10px 0; line-height: 1.5; } .newsletter-banner-content ul, .newsletter-banner-content ol { margin: 0 0 10px 20px; } .newsletter-banner-content a { color: #0073aa; text-decoration: none; } .newsletter-banner-content a:hover { text-decoration: underline; } .newsletter-banner-content img { max-width: 100%; height: auto; margin: 10px 0; } #mc_embed_signup #mce-success-response { color: #0356a5; display: none; margin: 0 0 10px; width: 100%; } #mc_embed_signup div#mce-responses { float: left; top: -1.4em; padding: 0; overflow: hidden; width: 100%; margin: 0; clear: both; } ]]><\/style>\n<\/div>\n<\/div>\n<p>\u201cOur analysis seeks to inform policymakers and test competing solutions with businesses and the public,\u201d the group said in the letter.<\/p>\n<p>\u201cWe are an apolitical campaign focused on harnessing Britain\u2019s competitive advantages to provide a decade of rising prosperity and close the \u201cinaction gap\u201d between what the country needs and what politics alone can do.\u201d<\/p>\n<aside class=\"read-more read-more--has-media read-more-auto\">\n<div class=\"read-more__content\">\n<h5 class=\"read-more__label\">Read more<\/h5>\n<h4 class=\"read-more__title\"><a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/family-businesses-still-face-inheritance-tax-cliff-edge\/\" target=\"_blank\" rel=\"noopener noreferrer\">Family businesses still face inheritance tax cliff edge<\/a><\/h4>\n<\/div>\n<\/aside>\n<h2 id=\"h-sunak-calls-for-reset-on-taxing-work-amid-long-term-ai-threat\" class=\"wp-block-heading\">Sunak calls for reset on taxing work amid long-term AI threat<\/h2>\n<p>The business bosses\u2019 remarks come as former Prime Minister Rishi Sunak <a href=\"https:\/\/www.cityam.com\/sunak-urges-rethink-on-taxing-jobs-as-ai-begins-to-reshape-hiring\/\" target=\"_blank\" rel=\"noopener noreferrer\">called for a rethink<\/a> of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh the cost of people against automation.<\/p>\n<p>Sunak said employers face immediate costs when hiring through national insurance contributions (NIC), while deploying AI carries no equivalent tax burden, which is a gap he suggested could become more significant as businesses adopt the technology.<\/p>\n<p>\u201cYou are far more likely to lose your job to someone using AI than to AI itself\u201d, the former prime minister wrote.<\/p>\n<p>His intervention comes as early signs emerge that AI is starting to affect hiring rather than outright employment levels.<\/p>\n<p>Research from Anthropic found no clear rise in unemployment in AI-exposed roles since the launch of generative AI tools, but pointed to a slowdown in hiring, particularly among younger workers.<\/p>\n<p>Job entry rates for those aged 22 to 25 in exposed occupations have fallen compared with pre-2022 levels.<\/p>\n<aside class=\"read-more read-more--has-media read-more-auto\">\n<div class=\"read-more__content\">\n<h5 class=\"read-more__label\">Read more<\/h5>\n<h4 class=\"read-more__title\"><a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/hsbc-names-ex-cbi-chief-carolyn-fairbairn-as-uk-chair\/\" target=\"_blank\" rel=\"noopener noreferrer\">HSBC names ex-CBI chief Carolyn Fairbairn as UK chair<\/a><\/h4>\n<\/div>\n<\/aside>\n<footer class=\"article-footer \">\n<div class=\"tags-collection article-footer__tags-collection\">\n<h2 class=\"screen-reader-text\">Similarly tagged content:<\/h2>\n<nav class=\"tags \">\n<h3 class=\"tags__title\">Sections<\/h3>\n<\/nav>\n<nav class=\"tags \">\n<h3 class=\"tags__title\">Categories<\/h3>\n<\/nav>\n<nav class=\"tags \">\n<h3 class=\"tags__title\">People &amp; Organisations<\/h3>\n<\/nav>\n<\/div>\n<\/footer>\n<\/div>\n\n<p><a href=\"https:\/\/www.cityam.com\/ministers-are-sacrificing-growth-for-votes-say-top-business-bosses\/\">Source link <\/a><br \/>\n<a href=\"https:\/\/dominiclevent.com\/contact-us\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-14\" src=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png\" alt=\"\" width=\"600\" height=\"200\" srcset=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png 300w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-150x50.png 150w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer.png 600w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><center><iframe loading=\"lazy\" src=\"https:\/\/www.google.com\/maps\/d\/u\/1\/embed?mid=1w4tN9mf5kVdBXUXTq2KvwE23NmpUzEna\" width=\"640\" height=\"480\"><\/iframe><\/center>&nbsp;<\/p>\n<p><center><iframe loading=\"lazy\" style=\"border: 0px #ffffff none;\" src=\"https:\/\/calendar.google.com\/calendar\/embed?src=sc635csnrm8h9s9lq0cad6vkss@group.calendar.google.com\" name=\"myiFrame\" width=\"600px\" height=\"3px\" frameborder=\"1\" marginwidth=\"0px\" marginheight=\"0px\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/center>&nbsp;<\/p>\n<p><center><\/center><\/p>\n<div>\n<div><img decoding=\"async\" src=\"http:\/\/www.dominiclevent.com\/wp-content\/uploads\/2018\/06\/Business_Solicitors_London.jpg\" width=\"600\" \/><\/div>\n<p>&nbsp;<\/p>\n<div>Dominic Levent Solicitors<\/div>\n<div>Email: Enquiries@dominiclevent.com<\/div>\n<div>Phone: 020 8347 6640<\/div>\n<div>Url: https:\/\/www.dominiclevent.com<\/div>\n<div style=\"display: none;\">cash, check, credit card, invoice<\/div>\n<p>&nbsp;<\/p>\n<div><\/div>\n<div>\n<div>1345 High Rd<\/div>\n<div>London, London N20 9HR<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday 23 March 2026 8:05 am Government ministers have undermined the UK\u2019s long-term economic interests by becoming \u201ctrapped\u201d into making poor short-term policy decisions to appease voters, Britain\u2019s top business bosses have warned. The group of corporate leaders, which include Natwest chair Rick Haythornthwaite, Heathrow chair Philip Jansen and Barratt Redrow chair Caroline Silver, said &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dominiclevent.com\/blog\/ministers-are-sacrificing-growth-for-votes-say-top-business-bosses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ministers are sacrificing growth for votes, say top business bosses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-278285","post","type-post","status-publish","format-standard","hentry","category-news1","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ministers are sacrificing growth for votes, say top business bosses - Dominic Levent Solicitors Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominiclevent.com\/blog\/ministers-are-sacrificing-growth-for-votes-say-top-business-bosses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ministers are sacrificing growth for votes, say top business bosses - Dominic Levent Solicitors Blog\" \/>\n<meta property=\"og:description\" content=\"Monday 23 March 2026 8:05 am Government ministers have undermined the UK\u2019s long-term economic interests by becoming \u201ctrapped\u201d into making poor short-term policy decisions to appease voters, Britain\u2019s top business bosses have warned. 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