We asked B4 Members for their opinion on yesterday’s resignation.
Yesterday’s resignation of the Prime Minister has once again placed the UK at a political and economic crossroads.
For many business leaders, the immediate reaction will not be party political. It will be practical. What happens next? How quickly can stability be restored? What does this mean for investment, confidence, recruitment, growth and the long-term competitiveness of UK PLC?
At B4, we have always believed that business thrives on certainty, trusted relationships and the confidence to make decisions. Whether you are running a family business, leading a growing SME, investing in innovation or employing people across the region, uncertainty has a cost. It delays decisions, slows investment and makes planning more difficult.
So we asked B4 Members for their initial thoughts on one simple question: what next for UK PLC?
Andy Whittard said: “Indeed more change and uncertainty for the UK. My personal thoughts are that we desperately need a government and Prime Minister who puts Britain first. We need policies and support that make it easier for UK businesses to do business at home and that removes red tape. We also need a government that is truly invested in UK food security and that means providing the right support for UK farmers, not hitting them with ever increasing costs and decreasing security within their home markets. And step off the soap box!”
That call for practical support, less red tape and a clearer focus on the needs of UK businesses will resonate with many business owners. For SMEs in particular, the issue is rarely one single policy. It is the cumulative effect of costs, compliance, regulation, tax, workforce challenges and uncertainty about what comes next.
Simon Blake, Partner at Price Bailey, shared his perspective from the US: “Kier Starmer’s resignation comes with mixed reactions – on the one hand he’d lost the confidence of his party as a minimum, if not also the electorate, but on other hand, this country needs certainty to build confidence rather than more change and delay. But the labour government has been disastrous of owner managed, family, businesses – whether it is regarding employment laws, national insurance costs on inheritance tax changes, rather than providing incentives to getting more people into work (where it is easy for them to collect tax, rather than paying people for not working!) or making the UK an attractive place to do business rather than the opposite. I write this whilst in the US hearing investors tell me why they don’t want to do business in the UK, as it’s just too difficult.”
That final point should give everyone pause. If investors are looking at the UK and concluding that it is too difficult a place to do business, then the challenge facing the next Prime Minister and Government is not just domestic. It is international.
The UK needs to be seen as a country where enterprise is welcomed, investment is encouraged and business leaders can plan with confidence. That means not only addressing policy detail, but also rebuilding belief in the UK as a serious, stable and ambitious place to grow.
Peter Swanson, Founder of Intertronics, believes the next Government must focus first on trust and stability: “The next Government’s biggest priority shouldn’t be a quick policy fix. It should be restoring trust and creating stability. Countries like Sweden and the Netherlands have already cracked this code. They show that a thriving, innovative capitalist economy can sit right alongside a strong social safety net. How? By backing innovation whilst maintaining high trust in institutions and investing heavily in skills and infrastructure.
Right now, UK businesses are paralysed by uncertainty. Tax and regulation matter, but confidence matters more. No one invests capital or recruits a team if they think the goalposts will move in six months.
“We need a credible economic strategy that outlasts political cycles. Government needs to stop shifting gears and start acting like a trusted partner to enterprise. When government and business actually trust each other, growth gets easier and prosperity follows.”
That word — trust — is crucial.
Business leaders are not asking for miracles. They are asking for clarity, consistency and a sense that Government understands the pressures they face. They want a long-term economic strategy that survives the political cycle. They want policies that make it easier to employ, invest, innovate and grow. They want the UK to be competitive again not just in rhetoric, but in reality.
There will inevitably be weeks, perhaps months, of political noise ahead. But for UK PLC, the priorities are already clear: stability, confidence, competitiveness, skills, infrastructure, investment and a renewed partnership between Government and enterprise.
The next Prime Minister will inherit more than a political challenge. They will inherit a business community that wants to get on with the job, but needs the right conditions to do so.
At B4, we will continue to give our Members a platform to share their views, challenge assumptions and contribute constructively to the debate.
Because whatever happens next in Westminster, one thing is certain: the future of UK PLC will depend not only on political leadership, but on the resilience, ambition and ingenuity of the businesses that drive it.