PM Hails Business As 'Country's Job Engine'

Written By Unknown on Selasa, 10 Februari 2015 | 20.48

David Cameron has hailed business as "the country's job engine" as he unveiled plans to help expanding firms through the financial "valley of death".

The Prime Minister said a Tory Government would launch a financing scheme to help the country's 500 fastest growing companies.

A pilot scheme will be launched at the Budget before the election using £100m from the British Investment Bank, he said.

Mr Cameron made the pledge during a speech to the British Chambers of Commerce annual conference where he outlined a series of steps taken by the Government, which he said had helped support business.

And he warned companies had reason "to fear the alternative" in a sideswipe at the opposition.

He claimed a Labour government would mean "more borrowing, more debt, higher interest rates, a loss of confidence in Britain".

In an apparent move to spike opposition accusations of a "cost of living crisis", Mr Cameron also called on business leaders to pass the benefits of economic growth and low oil prices to staff.

He said economic success should be reflected in the contents of workers' pay packets.

"Put simply - it's time Britain had a pay rise," the PM told the conference.

But unions have dismissed his call as "pre-election mood music".

However, Mr Cameron rejected criticism that he was pressing for private firms to increase wages while holding pay down for public sector workers.

He said: "Within the public sector we have actually seen quite a lot of pay increases through progression, through people taking on new skills and talking on new tasks.

"And we have seen that take place, for instance in the NHS, so that people have had pay rises, in many cases year on year."

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