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

Quality Workwear & Leisurewear Wholesaler (Fast Sale)
UK Wide

Indicative offers are required by close of business Monday 20th July. Long established business, founded in 1996. Good core, repeat business customers. Bonded warehouse. Established brand name.

Asking Price: Offers Invited
Turnover: £300k - £1m

Fibre Optic & IT Cabling Solutions
South East, UK

Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...

Asking Price: Offers Invited
Turnover: £2,247,561

LEASEHOLD


Importer of Toys & Gifts for the Leisure Industry
UK Wide

Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...

Asking Price: Offers Invited
Turnover: £6,135,933

FREEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY

Huddersfield’s Gallagher Retail Park has been acquired...

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
14
 
Jul
 

Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY

Huddersfield’s Gallagher Retail Park has been acquired...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

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