Disappointment at Lord Young's departure

Three quarters of small business owners believe Lord Young shouldn't have resigned as David Cameron's advisor on enterprise, according to recent research.

Lord Young Successful businessman, Lord Young, was appointed as the Prime Minister's 'Enterprise Advisor' less than a month ago with a brief to be 'brutally honest'. The Peer quit his job last week after telling The Telegraph that mortgage owners have 'never had it so good' during the 'so-called recession'.

But according to a poll by website BusinessZone.co.uk, 73 per cent think that the former Trade and Industry Secretary should not have resigned.

BusinessZone.co.uk editor Dan Martin said: "Despite the press outrage about Lord Young's comments, most business owners appear to think it was all a storm in a tea cup. It could also be said that Dragons' Den judge Theo Paphitis was right when he claimed Lord Young's comments were 'technically correct' given that interest rates have remained very low for several months.

"The Peer has a wealth of business experience having started and grown his own companies which was a positive step by the government in taking advice from people who have been there, done it and bought the entrepreneurial T-shirt.

"Lord Young gave the keynote speech at the grand final of our small business competition The Pitch 2010 four days before he resigned. The majority of the people I spoke to after his speech were impressed by what he had to say about how he intended to work with the Government on removing the reams of red tape which hold back business growth.

"Lord Young may have delivered his comments in a clumsy way but it's an argument that has been made by others and according to our survey, not one that should have led to him quitting at such an early stage of what could have been a very successful role."