Research shows 40% of UK SMEs plan to vote Labor at the general election

New research among UK SME owners shows that the Conservative Party is no longer the party of business.

When initially asked who they would vote for in the general election, Labor came out ahead with two-fifths of the vote, followed by the Liberal Democrats (28.7%) and the Conservatives (26.7%).

However, when asked who they thought could better help British business, Rishi Sunak was voted most favorably (40.2%), with Sir Kier Starmer receiving almost a third of the votes (32.1%). Although Sir Ed Davey received a small share of the vote, almost a fifth of British entrepreneurs (18.8%) believe that none of the three main candidates would do particularly well.

Sarah Austin, director of www.britishbusinessexcellenceawards.co.uk, who commissioned the research, commented: “While the date for this year's general election is yet to be set, it is clear that the Conservatives face an intimidating challenge in retaining power. Labor is clearly the party of choice among entrepreneurs, but that is undoubtedly largely due to the fatigue of the Conservative Party rather than the leadership of Rishi Sunak. Clearly, entrepreneurs view Rishi as a steady hand as he ironically got the most votes.

“It is worrying to hear that so many business owners do not feel that any of the three main candidates will do a particularly good job for British business. As Britain emerges from recession, the cost of living crisis continues and inflation and interest rates are high, entrepreneurs need to have a degree of confidence in the leading party, especially the Prime Minister – whoever that may be. All we can do is hope that the new Prime Minister will take steps to ensure a successful future for British business – as we all know the chance of a Brexit reversal is nil, so we must look for a way to to support Brexit and to celebrate British business.”

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