Impact of General Election Results on UK Retail

London | 12.06.2017

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.”

 

 

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