The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Wednesday, 12 May 2010

Reaction to New Government

Dr Brian Sloan, Head of Business and Economic Policy at Greater Manchester Chamber, said: “Given last week’s General Election result, yesterday’s formation of a coalition government between the Conservatives and the Liberal Democrats should start to provide some clarity for business.

“The economy is the most pressing issue for the new Government and agreeing a common ground between the two parties for addressing the deficit must be established and announced as soon as possible so that business confidence is restored.

“Addressing the deficit will inevitably mean a combination of tax rises and public sector spending cuts; this must be done in such a way as to promote business investment so that jobs and wealth are created, in turn further helping to narrow the deficit. The coalition must remain strong and committed to addressing the immediate challenges facing the country; any other path will unnerve the markets and undermine business confidence.”