CITY VIEWS: WHAT IMPACT DO YOU THINK THE CURRENT POLITICAL TURMOIL WILL HAVE ON THE ECONOMY?
STEFAN SZECSEI DEUTSCHE BANK
“A resolution to the turmoil in the Labour party and some political stability would boost the economy and international investors’ perception of the UK. The unrest is not great in the short-term but there could be long-term gain to be had from it.”
BILL MAXTED DE MONTFORT UNIVERSITY
“I think that interest rates are artificially low at the moment, and that we will not see an improvement until after a general election. So it would be better for the economy to have an election sooner rather than later, which might now come about.”
CLINT EASTWOOD STANDARD CHARTERED
“The instability is a concern and I think that foreign investors are going to be cautious. But the City has been around for hundreds of years and I don’t think Gordon Brown will undermine it that much. The sooner we have a general election, the better.
BEVERLEY DEWAR CITY EXECUTIVE CENTRES
“New blood is needed in government to bring confidence back to the City. The first round of redundancies should have spawned new businesses as good people flooded into the market. But people are scared to dip their toe in the water.”