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.”