Businesses should not be worried by the prospect of a hung parliament following the May 6th general election. According to new research conducted by the British Chambers of Commerce (BCC), the concern felt by the majority of businesses has been exacerbated by over-zealous reports in the popular press.
The research suggested that two thirds of businesses are either "concerned" or "very concerned" about the prospect of a hung parliament following the next general election.
Commenting on the BCC's research, Gareth Osborne of APA, said that power sharing is a far from ideal outcome; history shows little is achieved and it usually results in an immediate or early second election process, but the result will not result in a huge catastrophe for small and medium-sized enterprises (SMEs).The markets have so far continued to perform well since the Lib Dems gained momentum in the opinion polls; and it became a three-horse race, and the pound continues to perform well.
With just a week to go, APA would like to see clearer statements from all three main parties on there measures to recreate business stability, regenerate employment and reduce further the burden of bureaucracy. It also recognises that with such a dramatic national debt it is unlikely that any government can do anything radical that requires funding and that swathing cuts in public sector costs (including staffing) are more likely and essential.
APA
The research suggested that two thirds of businesses are either "concerned" or "very concerned" about the prospect of a hung parliament following the next general election.
Commenting on the BCC's research, Gareth Osborne of APA, said that power sharing is a far from ideal outcome; history shows little is achieved and it usually results in an immediate or early second election process, but the result will not result in a huge catastrophe for small and medium-sized enterprises (SMEs).The markets have so far continued to perform well since the Lib Dems gained momentum in the opinion polls; and it became a three-horse race, and the pound continues to perform well.
With just a week to go, APA would like to see clearer statements from all three main parties on there measures to recreate business stability, regenerate employment and reduce further the burden of bureaucracy. It also recognises that with such a dramatic national debt it is unlikely that any government can do anything radical that requires funding and that swathing cuts in public sector costs (including staffing) are more likely and essential.
APA
2 comments:
Is a hung parliament the right term or do you mean a 'hanged parliament' - it sounds far preferable to me!
I worry about a hung parliament as nothing will be done, nobody will agree and it could seriously disrupt any hopes of recovery in the short term.
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