After nearly three years of self-inflicted political turmoil, I hope we enter a period of greater stability, affording businesses the degree of certainty they need to make long-term investment decisions, boost productivity, create jobs and drive economic growth.
However, my expectation is the opposite: yet more uncertainty and an increasing probability of more unexpected referenda results (or just referenda), snap general elections and minority government. Combined with long-term structural shifts such as the move from physical to digital retail, 2019 looks likely to be another testing year.
Resolution: To continue focusing on sectors with a long-term growth story while maintaining high levels of resilience and flexibility – which in essence means low borrowings and short-cycle development.
Mark Allan, chief executive at St Modwen
Find out more - The Allan Key: St Modwen’s Mark Allan interview
No comments yet