Comment: First 100 days of Labour government

“It’s been a challenging first 100 days for the new government, with much talk of “difficult decisions” needed to balance the country’s books” writes Pino Vallejo

 
“Nevertheless, we know it harbours ambitious priorities of securing much-needed economic growth by improving international competitiveness, fostering greater consumer protection and reinvigorating capital markets. These goals require careful planning and collaboration between the private and public sectors, which could prove challenging in the event of an economic downturn or if new regulations are introduced too rapidly.

“While the industry is relieved to have certainty post-election, there’s still relatively little clarity on how policy changes are going to unfold. The International Investment summit is viewed as an opportunity to signal that the UK is open for business and investment and may provide some details on how this is going to be driven. The budget at the end of the month will also be an opportunity for the financial services industry to glean further clarity on what is to come and it is essential that they can swiftly adjust to whatever comes next. The sector’s ability to navigate these changes will determine its continued success in the coming years under a Labour government and beyond.”
 
Pino Vallejo is CEO, Davies – Consulting Division