New Prime Minister, Andy BurnhamIt raises many questions for the entrepreneurial class, including the key Fintech sector. Innovate in Financean advocacy group that supports innovation in financial services, circulated an email sharing its thoughts on the new government.
Many experts say Burnham will move the government further to the left, with policies moving away from privatization and towards government control. While the opposition is calling a general election, at least for now, Labor and its policies remain in control.
Innovate Finance dances around tough questions and answers and states: ““Burnham was aware that the public was impatient for change that would bring tangible improvements to household finances, and so he sought to use his first cabinet appointments to signal both a political reset and a commitment to economic stability.”
The group optimistically predicts:continuity”With a government focused on regional growth and housing.
The new Chancellor of the Exchequer, John HealeyIt is said that it will be designed forGiving confidence to financial markets.”
Jonathan ReynoldsIt is said that Trump, who will direct the Department of Business, Innovation, Science and Technology, will strengthen the goal of economic growth through partnerships with industry.
Innovate Finance concludes:
“…this new Cabinet should provide a degree of optimism that this government’s economic approach will create the conditions for strong growth in the sector. However, with the shift of power away from London and the South East – and with a number of dedicated advisors already appointed to the No10North operation – there will be greater pressure on (IF members) to highlight how your projects and investments benefit the UK as a whole when communicating with key stakeholders.”
A tempered approval.
