Partner Article

Hung parliament fears for FPB

THE Forum of Private Business (FPB) has called for the creation of functioning government administration as soon as possible, in the likely event of a hung parliament.

At the time of writing, Tory leader David Cameron looked unlikely to reach the 326 seats needed to take full governmental power.

As the dust settles on the vote and the prospect of a hung parliament emerges, the FPB has underlined the importance of a quick resolution to the situation at Westminster.

While remaining politically neutral, the small business support group had hoped one party would win an overall majority in order to secure swift economic recovery.

It believes SMEs are crucial to Britain’s economic recovery, with the potential to create jobs and spearhead innovation.

But the not-for-profit organisation is concerned that the uncertainty and confusion caused by a hung Parliament will jeopardise this and hamper business owners’ attempts to plan ahead.

Forum chief executive Phil Orford said: “I expect many smaller businesses will be disappointed that the election has resulted in a hung Parliament.

“However, the outcome can’t be changed so it is vital that the newly-elected MPs put aside party politics and work together to come up with a credible system of governance.

“With the economy still in a very precarious state and a mountain of public debt to be tackled, businesses owners need our elected representatives to move away from inter-party point-scoring and show political responsibility.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .