Business secretary Vince Cable is a "socialist" who should have never been given responsibility for business policy, Adrian Beecroft has claimed.
The Daily Telegraph reports Beecroft, the Downing Street adviser who reviewed employment law for the government, thinks Cable’s reluctance to cut red tape is harming the economy and preventing job creation.
In an interview with the Telegraph, the venture capitalist said entrepreneurs were going abroad and unemployment is rising because of the coalition’s failure to help business.
The report said the economy will grow by 5% less that expected – equating to about £50bn – because of the government’s failure to push through “radical reform of employment laws”.
