Starmer and Reeves have taken Britain to ‘the edge of a crisis’, warns ex-M&S boss Stuart Rose

Britain “on the brink of the crisis” and the Labor Party must “change” to revive the faltering economy, according to one of the most respectable business leaders in the country.

“We must all be concerned about Britain’s condition” and called for “root work” to reg or create jobs, “said Lord Stewart Rose, former president of Marks & Spencer and ASDA.

His blatant warning came after only one day after Inus revealed Sir Jim Ratcliffe that he had stopped investing in Britain completely in protest against long -distances in the Labor Party, which turns billions of capital to the United States instead.

The criticism of two heavy people is on top of the pressure on Chancellor Rachel Reeves, who is already facing accusations that its tax program of 40 billion pounds has led to the exit of the economy.

Speaking at Times Radio, Lord Rose announced: “I think we are sincere on the brink of the crisis. If we do not take some radical measures and note what is going on, we will find ourselves in a very difficult place.”

Rose said that the Labor Party failed to fulfill his promise to make growth the first government’s mission. “There is no direction to travel,” he said. “There is no travel. We are actually still in a position that is still in a position to do.”

With the lack of the following budget until November 26, he warned that Britain was “stuck for a period of three months pending real anxiety” at the level of new taxes that Reeves might impose.

By moving to the draft law of the pioneering work rights in the Labor Party, Rose suggested that the timing was a mistake, saying that the legislation would make it difficult for companies to use them. “We have had a very flexible workforce. Why did it make it more difficult now?” He asked.

He also took the goal to what he called “the culture of sick observation” after it showed numbers from the Charterd Institute for Employees and Development that UK employees are now taking almost two weeks every year – the highest in 15 years. “We need a little gravel around the place,” said Rose. “This nation needs everyone to be tilted.”

The intervention is frequented by the uncomfortable work in the business community. “We have stopped investing in Britain. Our future investments will not be in the United Kingdom,” Brian Gilvari, President of INEOS Energy, told Telegraph this week.

INEOS has already closed the Grangemouth Oil Refinery of a century in Scotland, cutting more than 400 jobs, and its petrochemical factory warned at risk as well. The company runs the main northern sea assets, including the 1940s pipeline system with 30 percent of oil in the UK to the beach.

Gilvari cited the extension of the Labor Party to the surprise tax on oil and gas profits, which raised the effective rate of producers to 78 percent, as evidence that Britain has become “one of the most unstable financial systems in the world.” This was said to the United States, where INEOS tampered 2.2 billion pounds in new projects and that policy stability supports energy security.

Sir Jim, whose wealth is estimated at 17 billion pounds and who recently became a co -owner of Manchester United, warned earlier this year that the Labor Party was “pressing life from our abundant energy reserves in the North Sea” and that Britain risked frequent mixing.

The background has fueled speculation that Reeves may need to collect 20 billion pounds – 30 billion pounds in the fall to meet its financial rules. Economists have been subjected to comparisons with the 1976 Labor Party government, when Britain was forced to a rescue plan from the International Monetary Fund.

The consultant pledged not to raise income tax, value -added tax, or national employee insurance, leaving commercial fees as a major lever. But the business groups, from the British retail union to the Central Bank of Iraq, warned that the costs of employers costs the suffocation of growth exactly as is the case with the determination of the economy.

Conservative critics seized Rose’s intervention. “Sir Jim Ratcliffe is right-high energy prices in the sky and carbon taxes that caused the death of the British industry.” “Sir Jim Ratcliffe” said.

With the autumn budget looming on the horizon, the Labor Party faces an accurate law for the budget: maintaining calm for markets, meeting its financial bases, and responding to the increasing anger of both employers and voters who feel pressure.

As Lord Rose said frankly: “If you do not have growth, you cannot create wealth. If you cannot create wealth, you cannot provide the services that people want. This is the real problem.”