Conservatives win a majority in the UK Parliament.
Dr Walter Boettcher, chief economist at leading global real estate services and investment management company Colliers International has commented on the Conservative party securing a majority in the General Election.
He said: “After three and a half years of political and regulatory uncertainty, which has eroded economic performance through lack of business confidence, we now have a modicum of certainty which should be enough for many businesses to begin investing in expansion.
“While the ink is certainly not dry on either the EU withdrawal agreement, or on the terms of the EU trade deal, the broad contours are generally understood and there is less concern about an acrimonious departure.
Whether this proves sufficient for all investors only time will tell. “Sterling has rebounded and will continue to rise back toward pre-Brexit levels as further milestones in the UK departure are reached. Hopefully, the new government will find the time and resolve to begin to push forward a long-delayed agenda for national economic renewal and the long-awaited push on infrastructure and regional development.”