I have been observing the political activities since the Scotland referendum. The capitalistic nature of the economy in nature makes the election business like. It is profit and loss.
The small business community always lands on the losing side. Whoever wins they end up paying more taxes, shrinking their revenue. If there is no clear winner then lord help us. The recent survey predicts that labor and Conservatives both are headed for a stalemate. David Cameron has indicated joining the EU if re-elected and Labour’s Prime Minister hopeful Ed Miliband has indicated rise in taxes. In both cases the community suffers. The smaller parties make the pitch even more queer.
The major developments that are likely to surface after the election will be:
- Political deadlock – This is the worst case scenario. If the predictions go the way, UK is headed for a hung parliament. The smaller players like the UK Independence party are in for a large role to play.
- Rise in Tax rates – This is imminent. With the burdens of debt across Europe and bailouts, UK population will have to pay for others mistakes.
- Rise of the Extremists – This can happen. It is real, as it has happened in Greece. This will lead to curb on the market and major reforms, leading into crisis.
- Structural Problems – Till date UK economy is holding up, but joining the EU will expose it to the structural problems of member countries.
Brace yourself for difficult times ahead. The future is uncertain, but one thing is certain; this May elections will hurt us all.