With a significant Conservative majority, free marketeers can breathe a collective sigh of relief. But, far from taking a step back, business must become more engaged with government and much better at making the case for the contribution that business can make to society and the economy.
What next for the Conservatives in Government? Now the real contest for power and influence.
The Conservatives have a clear majority. But the struggle for power is not over. Factions within the party will now vie for control, to implement their version of conservatism.
What’s the likely impact on business and economy? Here we look at the two likely factions and what to look out for over the next few days.
At the end of January, the United Kingdom will leave the European Union. When she does so, Dominic Cummings – the most powerful political advisor in a generation – will achieve his life’s purpose and political ambition. According to insiders, his departure from politics will shortly follow.
Two powerful factions are in fierce competition to become the dominant political force upon his departure. The result of this internal power struggle will have a far greater impact on business and the economy than the pantomime of the General Election.
British politics moves at remarkable speed. With the results of the election hot off the press, Boris will be expected to fully constitute his Government in the coming days.
The Conservatives pledge to ‘get Brexit done’ (you may have heard about this) and the imminent return of MPs to Parliament, further heightens the urgency.
In 1973 Stanford Professor Mark Granovetter’s “the strength of weak ties” argued that weak links, between people with different opinions, help new and unfamiliar ideas spread.
Sam Dumitriu, research director, The Entrepreneurs Network
One silver lining to Brexit for sceptical liberals like myself is that it’s an opportunity to have a more nuanced and intelligent debate on immigration. Wishful thinking? Perhaps, but since the referendum attitudes have shifted. Both Remainers and Leavers are more positive about the effect of migration on the UK.
Progress in the immigration debate depends on the public having access to all of the facts. But we at The Entrepreneurs Network noticed there was a gap in the debate. Too often the media focused on whether or not migrant workers took jobs or drove down wages. They neglected the job-creating impact of immigrant entrepreneurs entirely.
By Morgan Schondelmeier, head of development, Adam Smith Institute
A few years ago, the Adam Smith Institute – an economic policy think tank in Westminster – decided to adopt the moniker ‘Neoliberal’. Derided by some as emblematic of a corrupt, greedy, and destructive world order, ‘neoliberal’ has for many years been a term of disdain used by the left to describe those with whom they disagree. By reclaiming the term, proponents of neoliberalism feel able to change the narrative back to the principles which define our views; freedom, liberty, security, and compassion.
By Guy Corbet, Fourteen Forty
Just when you think there isn’t room in the world for another business index, the very smart people at communications agency Portland have created the Total Value Index.
It compares the contribution that individual British businesses (and sectors) make to our world, based on their simple proposition that “value = profit + purpose”.
Assuming the bill passes the Lords today, we’re set for a 12 December “people v parliament” election. Here’s a quick summary of a few of the current talking points.
Only 43 sleeps until Christmas (election)
After months of building expectations, the Prime Minister Boris Johnson has finally got the snap election he wanted to break the Brexit deadlock. Britain goes to the polls on 12 December, the first December election in nearly 100 years. The election bill is expected to undergo all stages in the House of Lords today. Assuming no peers try and derail it, the date will be confirmed this evening.
Boris has come in on a bold Brexit agenda
Winning with a significant majority of Conservative Party members, Boris is gearing up his party and the country up for a no-deal Brexit. The government is on a campaign footing and Tory HQ is being strengthened. All of which suggests Boris and the new cabinet are preparing for a potential general election in the Autumn.