What the Election Result Means for Business

May 8, 2015


By Lyndsey Hall


The General Election finally took place yesterday, and in a result that shocked the nation the Conservative party acquired a majority of votes. David Cameron will continue to act as Prime Minister for the foreseeable future, and coalition politics is a thing of the past. Ed Miliband, Nick Clegg and Nigel Farage have all stepped down as leaders of their respective parties in the wake of the election results, meaning there will be a significant shakeup in UK politics; whatever happens over the coming weeks.


Let’s look at some of the policies that helped the Conservatives win, and how UK businesses could be affected by the results:



Eliminate the deficit and build up a surplus by the end of the term

Full employment for all who are willing to work

Use money from capped benefits to fund 3 million more apprenticeships

Triple the number of start-up loans to 75,000



30 hours free childcare for working parents of 3-4 year olds

500 more free schools by 2020



Raise Personal Allowance threshold to £12,500 and 40% tax over £50,000

No income tax for people working 30 hours on minimum wage

No rise in VAT or NI contributions



Referendum on UK’s membership of European Union

Resist EU attempts to restrict legitimate financial services activities

Protect UK economy from further integration of the Eurozone



Maintain triple lock on state pension, so it rises by the highest of the following: prices, earnings or 2.5%

Reward savings by introducing a new single-tier pension

Freedom to invest and spend pensions however they see fit



Deliver biggest investment in roads since 1970s

Deliver biggest investment in railways since the Victorians, including 850 miles of electrified railways

Start work on HS2, and continue development of HS3 Leeds to Manchester


Rural Affairs

Invest £2.3billion in over 1400 flood defence schemes, protecting 300,000 homes and businesses

Provide near-universal superfast broadband by 2020



Invest £500million in making most cars and vans zero emissions vehicles by 2050

With promises to invest in the country’s infrastructure: including roads, rail and digital; with superfast broadband being introduced nationwide, and a boost for zero emissions vehicles, as well as free childcare for working parents and a higher Personal Allowance for Income Tax, there is plenty to look forward to for UK businesses.

What are your hopes for this Parliament and the promises the Conservative party has made to UK businesses? We’d love to hear from you, leave us a Comment or get in touch on Facebook and Twitter.



If you liked this article, you may also like:

General Election 2015 Kicks Off

Budget 2015

Government Scraps Paper Driving Licence

Other posts you might like:

Get a helping hand for your business.