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East Midlands Chamber News

British Chambers of Commerce Election Snap Poll Results

BCC: Business wants stable Government to emerge from political negotiationsA British Chambers of Commerce (BCC) snap poll of 500 businesses has revealed that a majority of companies (58%) want a new Government to prioritise reducing the UK's budget deficit once ministers are in place.

Asked how the result of the election would impact on the UK's ability to cut the deficit, 49% stated it would make it "somewhat harder" or "much harder". This compares with just 17% that suggested it would make it "somewhat easier" or "much easier".

Respondents were also asked what form of Government they would now consider to be the best for UK business. Nearly half (45%) selected a Conservative-led coalition, given the outcome of the election. 19% suggested a Conservative minority would be the best option, while 15% opted for a Labour-led coalition.

Commenting, David Frost, Director General of the British Chambers of Commerce, said:

"Businesses nationwide have watched negotiations between the parties closely since the election result became clear. This poll shows that business's overwhelming priority is for a strong and stable administration to be formed in order to cut the UK's unsustainable budget deficit. This single goal must be the focus of a new Government's first ninety days, and beyond."

For further information please contact the BCC press office on 020 7654 5813 or 07825 746812.

Notes to editors

500 businesses responded between May 7th and May 10th

Once Ministers are in place, what should be the number one policy priority for a new Government in its first 90 days?

Answer Options

Response Percent

Response Count

Reducing the Deficit

57.8%

288

Preventing the 2011 rise in National Insurance Contributions

14.7%

73

A moratorium on employment legislation

5.2%

26

Maintaining capital expenditure

8.8%

44

Access to Finance

13.5%

67

Do you think that the election result will make cutting the budget deficit:

Answer Options

Response Percent

Response Count

Much easier?

2.2%

11

Somewhat easier?

14.5%

72

Neither easier nor harder?

34.3%

171

Somewhat harder?

31.5%

157

Much harder?

17.5%

87

Given the inconclusive election result, would it be better for the UK business community to have:

Answer Options

Response Percent

Response Count

A Conservative Minority Government?

18.8%

94

A Conservative-led coalition?

44.8%

224

A Labour-led coalition?

14.8%

74

A caretaker Government and a second General Election?

17.6%

88

Other (please specify)

4.0%

20

British Chambers of Commerce: 150 years of helping business | 1860-2010

The British Chambers of Commerce (BCC) is the Ultimate Business Network.The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce, serving over 100,000 businesses across the UK, which employ over five million people.

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