Small Business Saturday: Time to free Yorkshire firms from Tory doom-loop - Rachel Reeves

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🗣 'Our small businesses are sewed into the fabric of our communities.'

We need our Yorkshire and British businesses to thrive, not just survive, so we can create good, new jobs and get money flowing back into our economy.That’s so important if we are to break free from the doom-loop of low growth, low productivity and high taxes that 12 years of Tory government have left us stuck in.

Labour’s recognition that British businesses are the lifeblood of our economy is also why I launched our Start-up Review, with the independent peer and champion of the north Jim O’Neill at the helm.This review will help us make Britain the best place to start and grow a business - while Labour’s mission to buy, make and sell more in Britain will help our homegrown firms win more contracts.

So Labour will give businesses the flexibility they need to train their workforce and deliver growth, by turning the Tories’ failed apprenticeships levy into a ‘Growth and Skills Levy’.We’ll also make sure skills policy is better aligned with regional economic policy and local labour markets – and set up a new expert body, Skills England so we can meet the skills gaps we have over the coming decade.

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