Recent comments from the Head of Policy at the Forum of Private Business, Alex Jackman, said: “In terms of business, the Government has made progress in some areas, but it’s got a lot more to do.

“David Cameron said on every issue that Britain’s wealth creators have demanded action, his government has taken action. However, this is not quite the full picture.

“The facts are he has met them half way, or compromised on many. The government has been bold, but it could have been brave and gone further. The good news is that Michael Fallon the Business Secretary seems to be making the right noises, and we like the way the Government is getting involved in the prompt payment debate.

“We are also pleased to see Government has gone some way to readdressing the employee powers too, by extending to two years before claiming unfair dismissal, looking at Acas to do more, and introducing settlement agreements.

“But on the flip side the Coalition has been incapable of a sensible public debate on going further in employment rights at times and we think there is still more to be done.

“They are deregulating, but at the same time extending the right to request flexible working to all and changes to parental leave will increase admin burdens on business.

“So while the Government has been moving in the right direction and appears to be doing the macro things more or less right – that is reducing the deficit and keeping interest rates low – the burdens on business are slowing, not stopping altogether.”