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News Release

London

2015 general election: “A boost in business confidence will be apparent”

Head of JLL’s Occupier Services Group comments as Conservative Party gains slender majority


Reacting to the general election result, John Duckworth, head of JLL’s Occupier Services Group and member the firm’s UK board, said: “With the confirmation that David Cameron will remain at number 10 with an increased number of seats in Parliament, the boost to confidence in business will be apparent. The markets will voice this, and the fact that the pound surged to its highest level in three months early this morning is clear evidence. Up until today, economic activity has been somewhat dented by uncertainty with opinion polls suggesting the likelihood of a hung parliament. This filtered into the property sector to a degree where some decision making had been stalled until the election result was clear. While most in business will be reassured by the continuity of the Conservative economic plan, the next challenge ahead for David Cameron are the concerns regarding the planned referendum on British membership of the EU in 2017. British businesses will remain dedicated to a resilient position within the EU and will look carefully at how the government navigates the UK through the next two years in the run up to the referendum.”