The business response to shock general election plans

Theresa May signs the official letter to European Council President Donald Tusk invoking Article 50. Photo by Christopher Furlong – WPA Pool/Getty Images.

The Confederation of British Industry (CBI) has reacted to Prime Minister Theresa May’s call for a snap general election on June 8.

Carolyn Fairbairn, CBI Director-General, said businesses will look to each political party to set out their plans to support economic stability and prosperity over the next Parliament in a way that is fair and sustainable for communities across the UK.

“Distraction from the urgent priorities of seeking the best EU deal and improving UK productivity must be kept to a minimum,” she said.

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“Firms will want to hear commitments from all parties to work in close partnership with business and back a new Industrial Strategy to make the UK economy the most competitive in the world by 2030,” Fairbairn continued.

There will be a vote in the House of Commons on Wednesday to approve the election plan – the Prime Minister needs two thirds of MPs to vote in favour to hold a vote before the next scheduled election date of 2020.

Justifying the decision, Mrs May said: ‘The country is coming together but Westminster is not.’

She added that ‘division in Westminster will risk our ability to make a success of Brexit’.

 

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