Election result: Make economy top of agenda, businesses say

Fri, 09 Jun 2017 | BUSINESS NEWS

British businesses have responded to the general election results with a plea for the economy to be at the top of the agenda, warning the forthcoming government that this is a "serious moment" for the UK economy.

"The priority must be for politicians to get their house in order and form a functioning government, reassure the markets and protect our resilient economy," according to Carolyn Fairbairn, director general of the CBI.

"For the next Government, the need and opportunity to deliver an open, competitive and fair post-Brexit economy that works for everyone across all our nations and regions has never been more important. This can only be achieved if the next government doesn't put the brakes on business, remains open to the world and sets out a pro-enterprise vision," said Fairbairn.

Business leaders went into the election divided, with many who were traditionally supportive of Conservative policies being alienated by Theresa May's insistence on a hard Brexit — involving a departure from the EU single market and a commitment to abandoning free movement.

The hung parliament, which will result in a weakened Conservative administration, will make for a much more uncertain environment for companies to make investment and hiring decisions.

Many businesses are concerned about the prospect of a greater Labour influence, who many see as more anti-business because of higher business taxations, plans to renationalise industries and raise government spending.

Adam Marshall, director-general of the British Chambers of Commerce which represents over 75,000 UK companies, said the electorate's split decision is causing further anxiety at a time when businesses are already dealing with rising costs, currency fluctuations and uncertainty over Brexit.

“The formation of a workable administration that can give voters and businesses confidence around economic management must be the immediate priority,” he said.


Share this article



Latest Businesses for Sale

Builders Merchant
Manchester, UK Wide

The business for sale is a popular, independent builders’ yard/supplier specialising in a wide range of building products. Offers invited.

Asking Price: £299,500
Turnover: £570,000

LEASEHOLD


Joinery Business
East London, South East, UK

This is a fantastic opportunity to acquire a long running and well-established joinery business currently serving the London area. Offers invited.

Asking Price: £420,000
Turnover: £780,000

LEASEHOLD


Dust & Fume Extraction Specialist
Scotland, UK

Specialises in comprehensive dust and fume extraction solutions, providing tailor-made designs, installations and support services. Offers invited.

Asking Price: Offers Invited
Turnover: £534,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Mar
 

Craft beer company goes under | ADMINISTRATION

With stores in London, Canterbury and Margate, craft beer me...

 
25
 
Mar
 

West Midlands transport company enters administration | ADMINISTRATION

The company behind the Ring and Ride services throughout the...

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
26
 
Mar
 

Craft beer company goes under | ADMINISTRATION

With stores in London, Canterbury and Margate, craft beer me...

 
25
 
Mar
 

West Midlands transport company enters administration | ADMINISTRATION

The company behind the Ring and Ride services throughout the...

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources