FDs' views split on Labour's effect on business
The jury is out on whether the Labour government is good for UK business, as far as finance directors are concerned.
Although a third of the 200 FDs surveyed by Accountancy Age and Reed Accountancy Personnel for the Big Question had not made up their minds, 38% felt the government was not good for their business.
Gary McQuoid, FD of mapping company BKS, said: ‘There are moves towards open government which is a plus, but this is countered by the policy of allowing interest rates to badly impact competitiveness in the export market.’
David Booth was among 13% of FDs who said the environment had definitely not improved. He blamed the strength of the pound. ‘If we were importers we would be at the opposite end of the scale,’ he said. A further 25% of FDs said the environment had probably not improved.
But 28% of FDs said there was improvement. Gary Chippendale, financial controller of Prowting Homes, said the house-building industry had benefited, as ‘prices are rising.’