The General Election on 8 June and Brexit looming on the horizon thereafter creates a prolonged period of uncertainty for all businesses. We must hope that the election provides clarity and stability for the UK Government of whatever hue, from which the EU negotiations can be progressed.
Our customers are mostly UK SMEs. For them, the politics is largely irrelevant compared with the need to create conditions which enable their businesses to thrive and prosper. We all need this - these businesses are the engine room of the UK economy – as it is their success which ensures future prosperity for us all.
According to recent IHS Markit data, activity in the services sector, the UK's biggest sector, has rebounded. This follows growth in the manufacturing and constructions sectors, which is positive to see.
Indeed, IHS Markit predicts that GDP will grow at a rate of 0.6% at the start of the second quarter and 0.4% for the second quarter as a whole. Let's hope this is a sign of things to come and that the economy continues its recent positive trajectory.
Inflation in prices of food, fuel and energy represent current challenges. However, I am quietly confident that the UK economy will remain a good place to do business despite the best efforts of our politicians.