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Unsurprisingly, the election campaigns of the major parties have centred on their plans for the health service, future relations with the EU, the NHS… and the economy. And with the election fast approaching, all polls suggest that it will be Conservative or Labour in charge after voting closes (albeit with a little help from whatever political ally they choose).

So what promises have they made to businesses in their manifestos?

The Labour Party

Labour has said that it recognises that “businesses, both large and small, are vital to the future success of our country,” and face “significant challenges.”

Their manifesto states: “We will back our entrepreneurs and businesses.”

Labour promise to:

The Conservative Party

The Conservative Party launched a specialised Small Business Manifesto, with the tagline:Backing the businesses that create jobs.’ “Small businesses are the backbone of our economy, and the Conservatives are behind them 100%.”

The Conservatives promise to:

It remains to be seen which party will get the chance to put these promises into practice – and if they will deliver. Particularly if they’re forced to share the seat of power with a party that has very different ideas about the future of UK business…

 

 

About The Author

Karl Bilby

We work very closely with our expert accountants to bring you the latest factually correct tax and accounting news. We also enjoy writing about small business news that we hope you find useful!

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