The election result should result in a ‘softer’ Brexit deal with the EU and lead to looser fiscal policy with less austerity and more public spending as a result of the Conservative’s weakened stance.
Managers need to work out what it means for the UK economy according to Godber, who added he feared a more short-term political landscape could spell trouble in the future.
“The thing that does worry me fundamentally since the election is that all parties become more short-termist, focused on giveaways and it’s so easy for politicians to spend other people’s money,” he said.
“All politicians offer giveaways but there is a worry they become more short-termist in their promises and that’s not great for the economy in the long-term.”
