Financial directors face post-election dichotomy

Now that the dust has settled on the shock Conservative victory in the UK General Election, we were asked to look at the implications for FDs and CFOs by Financial Director magazine. While it is early days and many companies are waiting to see what measures Chancellor George Osborne will put in place in his early 8 July Budget, some trends emerged. On the one hand the clear result has removed the uncertainty that many executives were expecting from a hung parliament as all seven parties negotiated to form a government. Allied to that were the market-friendly measures on taxation that the Conservatives have promised. However on the other side of the balance is the uncertainty posed by the threat of a twin referendum on UK membership of the European Union – likely in 2017 or even in 2016 – and a possible vote of Scottish separation. The outlook for the UK economy is clearly uncertain and will be important to monitor the views of FDs as time passes. The full article is here.