Business development Fred Heritage · 24 May 2017
Nine in ten small business leaders expected to vote in general election
Some 90 per cent of senior UK small business decisions makers intend to vote in the general election, despite predictions of a far low voter turnout across the UK. Research from challenger bank Aldermore has revealed that small to medium-sized business leaders are among the most likely people to vote in the snap UK general election on 8 June. Despite the figures, when asked in a survey, some 40 per cent of small business owners still thought the outcome of the general election would have little impact on their future business prospects. Whereas 15 per cent of senior small business decisions makers said they thought the general election result would negatively impact their business, 32 per cent anticipated a positive outcome, that would boost their firm. Commenting on the survey results, Aldermore managing director Carl Dammassa said politicians needed to appeal to UK businesses now more than ever. Political parties shouldnt underestimate the importance of the small business vote on 8june. voter turnout is expected to be low in general, so it makes sense for the parties toappeal to SME owners who are by and large determined to cast their votes, he added. When asked about what theyd most like to see from a new government after the general election, a third of small business leaders cited simplification of the tax system and the financial accounts submission process as their main priority.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.