8/23/2018, 2:31 PM (Source: TeleTrader)
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UK companies preparing for Corbyn government - poll

Almost a third of British companies expects a Jeremy Corbyn-led government in the next five years, according to a poll by London First and BritainThinks published on Thursday. Meanwhile, the survey showed that over 60% feel that businesses need to prepare for the possibility of a Labour government.

A majority of business leaders are expecting an early election, with two thirds thinking it will come in the next three years. 55% of interviewed chief executives, managing directors and chief financial officers think the Conservatives will lead the next British government.

"Business has been focused on contingency planning for Brexit but a future Labour government is being added to the agenda. Labour’s intention to invest in housing and infrastructure is seen as a good thing by many but there’s real concern that the party could scare away much needed private-sector investment," London First Chief Executive Jasmine Whitbread stated.

Breaking the News / BM