Labour’s most high-profile billionaire backer, who switched allegiance from the Conservatives, has said he is “increasingly nervous” about the government’s direction and is in “despair of politicians”.
John Caudwell, the Phones 4u founder, said Labour’s winter fuel payments cut was a “fiasco” and ministers were not doing nearly enough to attract investment into the UK.
Caudwell, who has pledged to give away more than 70% of his £1.58bn fortune, said a wealth tax would be “very destructive” to growth.
The businessman – a…
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