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Business leaders sign letter backing Conservatives

More than 100 business leaders have declared their support for the Conservatives, warning a "change of course" after the general election would "put the recovery at risk".

Senior executives from leading British companies - including five who have previously backed Labour - signed an open letter praising the Conservative's economic policies.

Labour dismissed the letter as "nothing new".

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CBI: Miliband risks 'playing with jobs' with zero-hours plan

Ed Miliband could be creating more instability for workers with his plans to effectively ban zero-hours contracts, a leading business group has said.

CBI Director-General John Cridland. Credit: PA Wire

John Cridland, the director-general of the CBI, said Britain's flexible jobs market had helped deliver an employment rate "that is the envy of other nations", accusing Mr Miliband of "playing with jobs".

"Of course action should be taken to tackle abuses, but demonising flexible contracts is playing with the jobs that many firms and many workers value and need," he said.

"These proposals run the risk of a return to day-to-day hiring in parts of the economy, with lower stability for workers and fewer opportunities for people to break out of low pay."

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