How will King's Lynn businesses be affected by the General Election?
With a General Election coming before Christmas it will be interesting to see what the political parties promise for small business and employment, and what impact these might have for Lynn and our region.
Some fairly radical ideas are already being talked about including the introduction of a four-day week, although I imagine very popular with employees, it is hard to understand how this is affordable for small and medium-sized firms.
There is also an intention to raise the minimum wage with a target rate of £10.50 per hour. Again, is this affordable to firms locally? The stalemate over Brexit is definitely affecting consumer confidence and having an impact on some of our clients – a motor dealership is reporting very slow sales and put it down to Brexit.
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