you're reading...
business growth & Development, Business News

Half of small business owners voting for Tory government

50% of small business owners are planning to vote for a Conservative Government

50% of small business owners are planning to vote for a Conservative Government

With the General Election drawing to a close, YouGov have recently carried out a survey that shows that 50% of the 600 UK small business owners questioned, are of the opinion that a Conservative victory tomorrow night will encourage further investment in their companies.

Of the respondents, around 33% believe that the election will have very little effect on investment. More worringly, 27% of small business owners actually said that they would seriously need to consider job
cuts should the Labour Party retain power, possibly as a consequence of the planned rise in National Insurance Contributions.

In addition to this the survey also suggested that many small businesses are concerned about the prospect of a hung-parliament, with 31% believing that a coalition government with a dominant Labour party could seriously threaten economic recovery in the UK.

Many City analysts have cautioned that the British currency and our excellent credit rating could be seriously jeopardised by a hung parliament. Michael Hewson, CMC Markets currency specialist, stated:

“Ratings agencies said they would review the UK’s credit rating after the General Election – reading between the lines it means they will want to see some clear intent from whoever is in power to rein in the deficit.”

Wanting to allay fears of a Hung Parliament, Nick Clegg commented:

“Whatever the outcome on Thursday, I believe we should be prepared to work together to fix the terrible state of our public finances and ensure economic stability.”

Philip Hammond, shadow chief secretary to the Treasury, believes that it will be small businesses that create the growth and the investment the country needs. He added that the most recent poll by YouGov should be taken very seriously as it clearly indicates that a Tory government will create the most positive economic climate for small business to create jobs.

He went on to say:

“Britain’s small and medium businesses understand that only the Conservatives will cut Labour’s waste to stop the jobs tax and get Britain’s economy growing again”

Related articles:

Business fears remain over prospect of hung parliament

Small businesses urge for a simpler tax system

Countdown to the General Election


Photo by Freedigitalphotos.net



  1. Pingback: PimpThisBlog.com - May 5, 2010

  2. Pingback: Why You Should Be Addicted To Twitter Too Websites 2 Grow TV Episode 7 | Web Traffic Siphon - May 5, 2010

  3. Pingback: Tweets that mention Half of small business owners voting for Tory government « Business Advantage -- Topsy.com - May 5, 2010

  4. Pingback: Cheap Health Insurance Plan - Where can we Find Reliable Cheap Life Insurance Quotes? - May 5, 2010

  5. Pingback: Tweet Outpost » Blog Archive » Half of small business owners voting for Tory government - May 5, 2010

  6. Pingback: Investing In Gold - Bloomberg | SoundInvesting.info - May 5, 2010

  7. Pingback: What is Your Fan Marketing Personality? Understand Your Personality – Take it to the Extreme | Rapid Mass Traffic Review - May 5, 2010

  8. Pingback: business grants for martial art school? | chinese martial arts - May 6, 2010

  9. Pingback: Business For Sale Stats: 396 California Small Businesses and … | Stanislaus County CA Real Estate - May 6, 2010

  10. Pingback: First Time Home Buyer Tax Credit Program, FHA Mortgage, Fixed Interest Rate Loan | Bad Credit Home Refinancing - May 6, 2010

  11. Pingback: Local small business owners give advice to students at forum | free-personal-injury-lawyer - May 6, 2010

  12. Pingback: Indie Business TV: Episode 17: My Coupon Organizer | Best Bargains and Coupons - May 6, 2010

  13. Pingback: Affordable Web Design And Hosting. | Bright Teeth Whitening - May 6, 2010

  14. Pingback: Mobile Phone Advertising Is Not Just For the Big Guys Anymore | Wolfs Article Den. - May 6, 2010

  15. Pingback: Videojug Celebrates Four Years in the Business of ‘How To’ Online Video | Web Traffic Siphon - May 6, 2010

  16. Pingback: Top Ten Legal Mistakes Small Business Owners Make and How to Avoid Them | Forming Corporations - May 6, 2010

  17. Pingback: ECommerce Solution. Help Small Business Owners Find Wholesale Vendors. | Rebuilder Cars - May 6, 2010

  18. Pingback: Half of small business owners voting for Tory government - May 6, 2010

  19. Pingback: What is the most affordable web conferencing software? - May 6, 2010

  20. Pingback: How to Separate Business Credit From Personal Credit – Credit Can Be Bliss - May 10, 2010

%d bloggers like this: