"Comprising over 99% of private sector businesses in the UK, small and medium enterprises are the backbone of the economy. I'm delighted that the Labour Party has such a close relationship with SMEs through SME4Labour. It is no secret that the Labour Party is the only party committed to a fair deal for working people and so this relationship is essential when 60% of all private sector employment in the UK is in small businesses.
Supporting small businesses to be successful is an essential part of Labour's agenda for Government. I believe that our policy of introducing a lower small profits rate of corporation tax for SMEs and scrapping quarterly reporting for businesses with a turnover of less than £85,000 will go some way to reducing the financial and administrative burden that small businesses currently face under the Tories. In my own education brief I know that our plans for a National Education Service will ensure that people have the skills that they need to get on and that businesses have the highly trained workforce that they require to be successful.
I am very pleased to be joining the SME4Labour gala and hope that this strong relationship with the Labour Party continues to develop in the coming years."
Angela Rayner is the MP for Ashton-under-Lyne and Shadow Secretary of State for Education