General election: a calm and considered reaction
Well it wasn’t supposed to be like this. We were supposed to see a “Conservative landslide” and a clear mandate for a so-called ‘hard Brexit’.
Now the shock of the result is over, it’s worth taking stock and having a look at what the result means for you and your business.
We’ve spoken with many business owners within our own client base since the general election and it’s worth highlighting that they are all, without exception, taking a very stoic and pragmatic approach to it all.
Most say it wasn’t the result they were looking for (or expected) because they wanted to get clarity and stability during the Brexit negotiations.
Some people may be tempted to adopt a more cautious approach to completing deals (buying, selling or merging with other companies) over the next few weeks and months. It is important that entrepreneurs don’t miss out on deals if they are too good to miss.
There’s naturally a concern that the market stagnates in the short-term because confidence is such an important factor for people buying or selling a business. Things will settle down if the Government can secure some quick wins in the Brexit negotiation process.
Business owners wanted stability, certainty and confidence going into the Brexit negotiations and that has clearly not happened here.
The more cautious business owners will be delaying decisions, deals and expansion plans until the path of the Government becomes clear.
It’s important that the voice of business is heard during the Brexit process and the results of this election means that entrepreneurs will have to keep a closer eye on proceedings during the next two years than they had originally planned.
