Chambers go for Tory led coalition (From Swindon Advertiser)

Chambers go for Tory led coalition

Business concerns over a hung parliament are once more reinforced by a poll by British Chambers of Commerce which shows that the majority of businesses (58%) want a new Government to prioritise reducing the UK’s budget deficit once ministers are in place.

But that many believe this will now be harder to achieve with the result of the election delivering no overall majority.

Respondents were also asked what form of Government they would now consider to be the best for UK business.

Nearly half (45%) selected a Conservative-led coalition, given the outcome of the election. 19% suggested a Conservative minority would be the best option, while 15% opted for a Labour-led coalition.

Phil Smith, Managing Director GWE Business West said: "Our members have taken a big interest in this election and are keen to see a new government take clear, decisive action to cut the UK’s budget deficit.

"We understand the need for careful negotiation but between parties but believe a new government needs to be formed quickly, so decisions can be made and confidence restored in our economy”.

For more details of the survey response see: http://www.britishchambers.org.uk/zones/policy/press-releases_1/business-wants-stable-government-to-emerge-from-political-negotiations.html