Sir Jacob Rees-Mogg has accused Labour of wanting to turn the UK into a ‘mini–European Union’ by inflating workers’ rights.
Speaking on GB News, he said: “Last week, it was revealed that the Prime Minister removed a portrait of Lady Thatcher from her former study in 10 Downing Street. And while it may have been within his rights to do this, the moves speak volumes by the Labour Party's mean mindedness. It only governs for its own.
“On the horizon, there are two key changes that have prompted a collapse in confidence from business leaders. First, Labour plans to overhaul workers' rights.
“Anyone looking at the British economy understands that the problem is not that we are overworked. There are 5.5 million working age people on out of work benefits in this country.
“But equally importantly, productivity has been flat over the past two decades and a half and has declined in the public sector since 1997.
“But what is Labour’s solution? To inflate workers’ rights, to turn the UK into a mini–European Union.
“British businesses now face the prospect of the right to switch off, the right to work from home and the right to a four-day week.
“It also undermines contract rights and treats employees as simpletons who cannot make choices for themselves without the big state supervising them.
“Second, tax rises are on the way in the Budget next month. The Treasury, led by Rachel Reeves, cynically manufactured the pretence for the tax rises when she claimed there was a £22 billion fiscal black hole left by the Tories.
“Of course, what she didn't admit was that the hole was created by her own inflation busting pay rise for her trade union friends.
“But it's safe to say we can expect tax rises, including a hike of capital gains tax, which reduces investment in our economy, leads to the misallocation of capital and discourages innovation or the establishment of new businesses.
“Look no further than the latest report from Offshore Energies UK that has claimed 35,000 North Sea gas and oil jobs are at risk as ministers consider increasing the headline tax rate on upstream oil and gas activities from 75% to 78% .
“And this is before we get into the hostility of actually getting oil out of the ground that's coming from Ed Miliband’s department.
“For months, we've been told of all Labour's fantastical plans that they will be funding by growing the economy. But you don't grow the economy by bashing business.
“The signs prove nothing has changed since Margaret Thatcher said this over 30 years ago: ‘the fact is, Labour are still socialist, and they deliberately set out to impose more government control over people's lives. That is where their whole belief starts. It starts with the power of government over the lives of the people. That is why, that is the reason why they increase taxation: more power for them over our money. Less power for the citizen.’
“Well, I couldn't have said it better myself.”
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