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Election Thoughts...

Michael Michaelson, Business Development Consultant - J9 Advisory

Business Funding

The world, and the UK in particular, has changed beyond recognition since Boris Johnson’s Tory Party secured an 80 seat landslide in December 2019.

As we approach the forthcoming General Election on 4th July, it seems inevitable that we are heading for a Keir Starmer led Labour Government, with potentially a huge majority. Indeed it is now being predicted that Labour could end up with a majority of over 260 seats, which cannot be healthy for any democracy.

The pollsters may be a little inaccurate, but it is obvious that the country has had enough of the Conservatives, even if many are not convinced that Labour will be any better.

The Western World has never before cried out for such strong moral leadership, with war raging in Ukraine and the Middle East, and the threat to world peace being spearheaded by China, Russia and North Korea.

To date, the cost of living remains high; public services, and in particular, the NHS, require a monumental but costly restructure; the differential between the rich and poor remains a gigantic chasm; and Climate Change and Sustainability continue to pose challenging questions.

The Conservatives have had a torrid 54 months in power with three Prime Ministers, each of whom have been unable to govern against constant upheaval and infighting. Rishi Sunak’s remarkable dereliction to duty leaving the D-Day 80 Memorial service early shows just how out of touch with reality he is.

This is a significant election against an uncertain background but it is imperative that the new government boosts the economy, invigorates growth and incentivises companies to want to expand, by eventually reducing taxes, which has to be the key to the future success of the country.

J9’s high profile client, Nigel Farage, threatens to take votes from both major parties, which will have an enormous impact on the whole election.  Whilst he continues to divide opinion, in an era of colourless, unpopular and divisive MPs, he offers something different, and, unlike the other party leaders, large sections of the populous can relate to him. The fact that Reform now leads the Tories in certain polls will be an eye opening inditement on the current government.

As business owners, we need less red tape, lower interest rates and lower taxes, so that we can be allowed to get on running successful companies without the government of the day infighting and treating enterprise not as a disease, but as something to admire and cherish.

Business matter, Entrepreneurs matter, and at a time that the world is in turmoil, we have to hope for the best, but fear the worst, when Keir Starmer looks likely to become our new PM on the 4th of July.

Do you have any faith that a Labour Government will be better for business than the previous government?


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