David Cameron, leader of the Conservative party, urged businesses to give staff a pay rise in his speech. He also stated that the Conservatives planned to increase the amount of business rates that local areas could keep from 50% to at least two thirds. Nick Clegg, leader of the Liberal Democrats, also spoke at the conference, discussing the Lib Dem’s plans to prioritise small businesses for tax cuts. Chuka Umunna, Shadow Business Secretary, discussed Labour’s plans to devolve extra funding from central to local Government.