As the country comes to terms with the unexpected result from the General Election 2017, we have been trying to spot a ray of light in this situation.
Our Executive Director , James Ebel comments “It is inarguable that political stability was of paramount importance. However, if we dig deeper we feel that a loss of majority for Conservatives may now lead to a softer exit from the EU and consequent positive implications for retail businesses.
This, we feel, could have a potential knock-on effect on the pound which has taken a hammering but could potentially rise in the days ahead on the likelihood of a softer Brexit.
Furthermore, industry leaders are firm on pressurising the new Government to consider reforming business rates rises implemented by the Conservatives before the general election. A success on this front, we feel, may bode well for the retail industry.”
As the country comes to terms with the unexpected result from the General Election 2017, we have been trying to spot a ray of light …Read more