Katy Colton has commented for Legal Business on the prospect of a new prime minister on business and the legal industry.
Katy commented that the outgoing Prime Minister Keir Starmer’s tenure had seen a “failure to understand the consequences of his policies on businesses.
“Two years ago felt different. Labour did court the business community, but now the general sense among my clients – and financial services more widely – is that they were not supported, and that there was a failure to understand the full consequences of certain taxation policies on businesses.”
Katy also said the business community is yet to be fully convinced by Burnham’s vision of ‘Manchester-ism’.
“There is still a nervousness about what is to come,’ she said.
“As mayor of Manchester, there was a sense Burnham was trying to embrace and understand the importance of capital influx into the region. But at the Makerfield election he focused on local issues – and kept his powder dry as to his policies as a PM, so his approach to the business community more broadly is still unclear – and a lack of certainty is never good for the market.”
Read the full article (subscription required)