Election 2010: Firms ‘concerned' about Hung Parliament

katrina Baugh
clock

Businesses are becoming increasingly concerned about the potential impact of a Hung Parliament.

The British Chambers of Commerce found 65% of 300 firms it polled were either "concerned" or "very concerned" about the prospect of no clear winner, the BBC reports. This outcome looks increasingly likely as polls over the weekend suggest the Tories are ahead but not by enough to give them a clear majority. Some 13% of firms surveyed thought that result would be "a good thing", but the BCC said businesses were right to be wary. The study also found most believed VAT would increase after the election. David Frost, director-general of the British Chambers of Commerce (BCC), says: ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Bank of England rate setter Ramsden warns of 'concerning developments' in UK labour market
UK

Bank of England rate setter Ramsden warns of 'concerning developments' in UK labour market

'Increased uncertainty' of inflation

Linus Uhlig
clock 28 February 2025 • 2 min read
Trump signals 25% tariffs on EU coming 'very soon'
UK

Trump signals 25% tariffs on EU coming 'very soon'

During first cabinet meeting

Cristian Angeloni
clock 27 February 2025 • 2 min read
UK companies to benefit from Starmer's increased defence spending
UK

UK companies to benefit from Starmer's increased defence spending

BAE Systems the ‘obvious example’

Sorin Dojan
clock 26 February 2025 • 3 min read
Trustpilot