Institute of Directors
Commenting on Ed Miliband’s speech at the 2011 Labour conference, Miles Templeman, Director General of the Institute of Directors, said:
We would like to know how Ed Miliband plans to identify and reward ‘good’ companies over ‘bad’ ones. In practice, we think he would find this neither straightforward nor desirable. He should have more faith in customers and investors to decide. In the modern business place price is not the sole determining factor affecting people’s buying and investment decisions. Consumers and investors are better equipped and better informed than ever to impose discipline on firms than any government. Instead of proposing that the state makes choices that are likely to be simplistic and wrong he would be wiser to find ways of boosting competition so that the customer remains king.
News source: http://press.iod.com/2011/09/27/iod-reaction-to-miliband-speech/
