Belfast Telegraph

General Election could be shot in arm for United Kingdom economy

By Ben Woods

The economy could enjoy a business investment boost if the general election ushers in greater political certainty, according to an independent think tank.

The Centre for Economics and Business Research (Cebr) said a Conservative victory on June 8 could bolster stability, encouraging firms to invest and supporting economic growth.

However, it also warned that a stronger Conservative government could pose a threat to growth if the party's moderate stance on immigration gives way to more stringent controls.

Scott Corfe, director of Cebr, said: "On the upside, an increased Tory majority, which would almost certainly be the result of an election, will increase economic and policy stability and reduce the current sense of business uncertainty.

"Increased certainty should feed through into higher levels of business investment, supporting growth in the short term."

Belfast Telegraph

Popular