In the run-up to the UK general election, leading businesses were voicing their concerns that the country’s position as a major financial centre and investment magnet could be jeopardised by Labour’s hard-line stance on corporate tax and personal wealth, while at the same time they were nervously questioning the rationale behind the Tories’ promised referendum on an EU exit.
One month on from the election result, and at least one of those fears has dissipated. Deborah Newberry, practice development lawyer at Kennedys, says companies “can take comfort from the pro-business world view advanced by the Conservatives. A more stable legislative and regulatory environment should allow the government to offer businesses policy continuity and encouragement of greater product innovation.”
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