Businesses React to Shock General Election Result

‘This is a serious moment for the UK economy’: Business reacts to shock general election result

British businesses have warned the forthcoming government that this is a “serious moment” for the UK economy and urged politicians to “get their house in order”.

Businesses responded to the outcome of the election, which has resulted in a hung parliament with no overall majority, with an urgent plea for the economy to be at the top of the agenda.

Some businesses called for Brexit negotiations to be delayed, while others are seeking a softer stance and new Tory leader.

The CBI stressed how serious the outcome of the election and start of the Brexit negotiations will be for British businesses and urged the new government to quickly establish the economy as a priority.

“This is a serious moment for the UK economy. The priority must be for politicians to get their house in order and form a functioning government, reassure the markets and protect our resilient economy,” said Carolyn Fairbairn, director general of the CBI.

“For the next Government, the need and opportunity to deliver an open, competitive and fair post-Brexit economy that works for everyone across all our nations and regions has never been more important.”

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Source: The Telegraph, 11 June 2017, http://www.telegraph.co.uk/business/2017/06/09/serious-moment-uk-economy-business-reacts-shock-general-election/

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