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Source
Business Shapers
Date
19 May 2015

What does the General Election 2015 mean for London Business?

Housing, skills, infrastructure investment, potential for devolution and that all important ‘in/out’ referendum were the issues that dominated this morning’s roundtable at the London Chamber of Commerce and Industry…

With all political parties making various pledges to support businesses in their manifestos before the Election, this event considered what London businesses can now expect from the newly formed government. The panellists sharing their views were: Tim Donovan, Political Editor, BBC London; Marc Sidwell, Executive Editor, City AM; and Colin Stanbridge, Chief Executive, London Chamber of Commerce and Industry (LCCI). Mishcon de Reya, plus another 20 or so guests from a cross section of companies, came along in search of more insight…

How have we got here?

Tim Donovan speculated that Labour had ‘overestimated incumbency’ and claimed that the Labour picture in London is not in fact as positive as it looks. In a historically ‘Labour city’, the shockwaves from a Conservative majority are still rippling through London almost two weeks since the result was announced. The shifting demographic in London, driven by house prices, was acknowledged as an influencing factor in changing the historical strongholds of certain constituencies. For example, those who formerly lived in Chelsea may now live in Battersea – shifting the vote towards the right.  The same effect could be interpreted to be taking hold in other areas, as Labour strongholds were weakened, or their seat lost entirely.

Read the full article here.