00:00And I am worried because the Labour Party are not just repeating many of the mistakes which we made in government,
00:06they are doubling down on them and combining them with an unprecedented raid on business.
00:12Today, we are all talking about the consequences of the budget,
00:17but we do not yet know what the full consequences of their legislative programme will be,
00:23like their Employment Rights Bill, designed by trade unions.
00:27But there is no point in me just complaining about Labour when it was obvious that we Conservatives lost the confidence of business.
00:35I was not surprised at how many people attended Labour's prawn cocktail or smoked salmon offensive last year.
00:41I know it is because you thought that we didn't understand what your needs and concerns were.
00:47And you knew we were going to lose.
00:50So as a first step to fix that, I have made sure that the two people who are in the most business-facing roles in my Shadow Cabinet
00:57are people who have run companies themselves.
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