It’s no wonder Government treats people who build companies as a bit of a sideshow.
Only 1 member of the Cabinet has any experience of growth companies.
Only 1 has ever worked inside a trading business at all, as against 80% of the country who work in the private sector.
Why is anyone surprised that Labour’s bias is towards spending money rather than generating revenue, wealth and tax take?
Alex Depledge built Hassle.com, sold it, then built Resi. Rachel Reeves appointed her the Treasury’s entrepreneurship adviser in June 2025. She leaves on 29 October, the day after the Budget. She resigned saying “They think it’s over here with steel, cars and hard hats, that this is the main event. And my argument has always been: no, scale-ups are the main event.”
Depledge’s term was due to end on 6 November anyway. She could have gone quietly, taken the thanks, and kept the contacts. But she felt so strongly she said what she thought and closed the door in the week of a Budget for maximum impact.
There are 26 people at the Cabinet table. They have hardly any private sector experience. One person in twenty-six has worked inside a trading business - 4%. In a country where around 80% of people work in the private sector.
