It can’t have escaped your attention that it’s election day, and the question on all small and medium sized business owners’ lips is: what will the result mean for my business? With trading conditions remaining tumultuous and turbulent, businesses are still struggling with overheads such as commercial gas and electricity prices.
Many commentators still believe a hung parliament will be the most likely outcome, which will come as worrying news for a lot of business owners.
According to a recent survey by the British Chambers of Commerce, 65 per cent of firms polled were concerned about the prospect of there being no clear winner after today’s polls close.
Both Gordon Brown and David Cameron have commented that a hung parliament could slow and weaken the UK economy’s recovery. Meanwhile, Nick Clegg’s Liberal Democrats are the party set to benefit most from such an outcome, with Vince Cable widely expected to become chancellor should a coalition government be formed.
The main concern for most SME owners is indecision and lack of clear leadership, which, according to a letter from easyJet founder Sir Stelios Haji-Ioannou and others to the Daily Telegraph, posed the threat of “putting the economic recovery at risk.”
No matter what the result of today’s election, one message has been clear from all main parties throughout the campaign: the road to economic recovery is hard and steeped with pitfalls. Whoever holds the reins at 10 Downing Street tomorrow, businesses will still face a struggle. That’s why now is a good time to consider reducing your business’s overheads, including such things as business electricity, business gas and business telecoms.
For free, impartial advice on all business energy queries, including how to switch business energy supplier, contact Energy Advice Line.
Read Stelios’s letter in The Daily Telegraph.
Tags: Business Electricity, Business Energy, Business Gas
