Tories Rally SME Support in Eleventh-Hour Effort to Sway Election Outcome

Conservatives to Release SME Support Letter in Final Effort to Shift Election Momentum

The Conservative Party is set to release a letter this Wednesday, endorsed by as many as 150 small business owners, stating that their businesses would suffer under a Labour government, according to Sky News.

City editor @MarkKleinmanSky

Tuesday, July 2, 2024, 3:

On Wednesday, the Conservative Party plans to release a letter signed by numerous small business owners, in a final effort to persuade undecided voters of their reliability in managing the UK's economy.

Sources indicate that Sky News has learned of plans by the Conservative Party to release a letter signed by approximately 100 to 150 small and medium-sized enterprise (SME) leaders. This letter is expected to claim that a Labour government could potentially harm their businesses

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Insiders indicated that the letter would likely be made public on Wednesday, the last day before the UK holds its elections.

As of Tuesday, the contents of the letter and the identities of those who signed it remained undisclosed.

A business-owner who was asked to sign but refused expressed his astonishment that the Tories had not taken greater advantage of the distinctions between the two major parties regarding possible changes to capital gains tax during the election period.

An insider characterized it as a desperate attempt to counteract the growing support for Labour, which has released a number of letters from business leaders throughout the election campaign.

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Among them, one was particularly criticized for only including the name of a single FTSE-100 leader, specifically the chairman of JD Sports Fashion, Andrew Higginson.

Another centered on suggested changes to the Apprenticeship Levy.

Endorsements from business leaders in letters have become a staple in UK political campaigns, and traditionally, the Conservative Party has garnered substantial backing from notable individuals.

The lack of a letter during this election period is viewed as indicative of the party's declining poll numbers and its unfavorable track record while in power.

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The Conservative Party chose not to issue a statement.

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