As the country digests a result that has not delivered for the Government the parliamentary mandate it had anticipated, political uncertainty now appears inevitable. The Prime Minister looks set to remain in Downing Street with the support of the Democratic Unionist Party providing her with the slimmest of margins to allow a minority administration to function. Only time will tell how sustainable that will prove. For manufacturing in general, and for the defence and security sector in particular, the approach taken by the Government in Brexit negotiations remains the fundamental point of interest. Commenting on the outcome of the election, Terry Scuoler, Chief Executive of EEF, the manufacturers’ organisation, said:
“Business has become used to political uncertainty in recent years, and industry’s ability to stay calm and help keep the British economy moving in the right direction will be critical in the unpredictable days ahead. While politicians work out a solution to the leadership of the country, they must put industry first and ensure business receives as much support and backing as possible.
“The Brexit negotiating strategy requires a careful rethink. Industry should be at the table, alongside whatever administration is formed, to help ensure we have the right negotiating position, which is something that's been sadly lacking until now.
“The main parties have championed an industrial strategy for Britain and this must not be a casualty of the political turmoil. It is the best blueprint for business in the current circumstances.”