Osborne said “There are those who are trying to create an anti-business culture in Britain – and we have to stop them. At stake are not pay packages for a few but jobs and prosperity for the many.”
Agreed, but not the way he means it. Large bonus culture is one illustration of how our over- centralised economic structure has to be propped up by the less wealthy majority.
It is anti-business to tailor your economic development funds – such as regional growth fund – your tax regime and your planning system towards inward investment and transnational corporations at the expense of locally owned and smaller scale enterprise.
The multitude of tiny bonuses in the local economy gives true trickle-down. Eye-wateringly large bonuses in the transnational economy only give us trickle-up. Let’s fight the Treasury’s anti-business culture with a coalition for a better economy.