Teos Strategy’s Post

The UK's business organizations have committed to collaborating with the new Labour government to rejuvenate the country's economy. With Sir Keir Starmer as the new Prime Minister after a resounding victory in the General Election, there is renewed hope and dedication to economic progress. Shevaun Haviland, Director General of the British Chambers of Commerce (BCC), congratulated the Labour Party on their win and emphasized the importance of stability and certainty for businesses. Rain Newton-Smith, CBI Chief Executive, highlighted the need for sustainable growth as the main goal for the new government, with businesses ready to contribute their expertise and resources. Focus Areas: - Establishing a comprehensive long-term industrial strategy. - Promoting green innovation. - Addressing the skills gap. - Increasing exports. - Improving productivity. - Utilizing AI effectively. The collaboration between businesses and the government is essential for revitalizing the economy and attracting global investors. We anticipate seeing tangible progress right from the start! #LabourGovernment #UK

In a more challenging and tighter economic environment where business margins are under pressure, it is important for SMEs to understand and try and shape the future regulatory environment they operate in. From dealing with high inflation following Putin’s invasion of Ukraine to global supply chain disruption caused by Houthi attacks on vital shipping lanes, businesses have had to grapple with geopolitical risk. Liz Truss’ short lived premiership and the entailing mini-Budget fiasco forced the business community to confront what it fears most: uncertainty. Regulation impacts businesses’ bottom lines; for instance, US telecoms companies see a 10% margin difference with their European counterparts due to regulation. Despite SMEs delivering 61% of private sector jobs, research finds FTSE100 companies account for 80% of spend on political consulting services in the UK. For too long SMEs have been priced out of the political intelligence and lobbying market. While it is understandable that FTSE100 giants and the UK’s largest employers dominate discussions and influence over government policy, there needs to be a space for SMEs to also shape the policy landscape. Size isn’t everything and SMEs make a vital contribution to the British economy. At the very least, being equipped with expert political intelligence on how forthcoming political and regulatory change will impact industry and the broader economy is indispensable for SMEs. That is why SMEs need Teos Strategy, the UK’s first political consultancy dedicated to empowering SMEs committed to making a positive social impact with the knowledge they need to navigate and influence the political landscape. Please reach out at [email protected] for more information about how our services can support SMEs to understand and shape Westminster.

Business is often about risk-taking and managing uncertainties and turbulence, however, the ramifications of #PoliticalCrisis and #EconomicPolicyUncertainty for #EconomicGrowth has shown - all too recently - the negative impact it has on business planning and strategy. During extended periods of political crisis and economic policy uncertainty, businesses have been shown to cut back on production, investment and employee compensation. Holding on to what they have rather than planning for future growth and market expansion often becomes the only short to medium term goal as the future is completely out of their control. Economic Policy Uncertainty underscores the need for real political leadership. Businesses need clarity and to know that there is a clear political plan and direction. I have said many times that I believe that our unique trading position here in #NorthernIreland that provides us with #UK #EU #DualMarketAccess (for goods) presents Northern Ireland Plc with huge potential for stability, growth and economic prosperity. Unashamedly, I want to grasp the opportunity for the place I love and call home. But this can only be achieved if the arrangements are managed properly. Businesses need clarity and direction which is gained through Government providing us with clear and consistent guidance. There are too many gaps in the information available for traders at the moment. This invariably leads to misunderstanding and misinterpretation, and ultimately, some companies will simply stop trying to keep up and be compliant. That is clearly unsustainable. In my meetings over the next few days with representatives from the House of Commons, UK House of Lords, HM Revenue & Customs and Department for Business and Trade; this will be my KEY ask. Support us by providing the information we need so that we can mitigate the risks and maximise the opportunities the unique trading arrangements agreed under the #WindsorFramework and #NIProtocol present.

🇪🇺Rachel Reeves will tell finance leaders today that we need to RESET relations with the EU and BREAK DOWN BARRIERS TO TRADE as well as helping businesses to SELL IN EACH OTHERS MARKETS.🇪🇺 To my ears all sensible stuff but: 🤝where does improve economic ties become so close it morphs into rejoin? 📊is rejoin really the obvious and sensible way to ramp growth into the UK economy? 🥇can we achieve the fastest growth in the G7 without it? I would rejoin but that’s just me, but I do doubt that we can really get UK plc rocking again without it? 🎄Just as a good practice for a healthy row with that politico in your extended family at Christmas I would welcome your thoughts on whether economically we should in fact begin to plan to rejoin the EU? #Economics #EU #Business #rejoin

"The Future Economy Alliance is campaigning for the next UK Government to recognise the value of mission-led organisations working for a purpose beyond profit, and this report details the policy changes needed to make this approach the national norm. An estimated four million people working in mission-led organisations across the country already provide living proof that business can be a force for good; the Business Plan For Britain outlines a range of policy interventions that could be deployed to unleash the full potential of this pioneering movement. Through measures ranging from tax incentives to corporate governance reform, this report details how government and business can work in partnership to put mission at the heart of our national economy, so that more organisations drive social and environmental benefits alongside financial profits." https://lnkd.in/exWDsNzN

UK businesses are facing a tough economic landscape, shaped by ongoing Brexit effects and persistently high interest rates. Explore the 'Planning, Performance, and People' framework to help navigate these challenges: https://lnkd.in/eeHE8BFe #Strategy #EconomicChallenges

As the political landscape across the UK continues to buffer small and medium companies alike, it is time for the smart business leader to start considering what their business resilience model will look like under a Labour government. Recent polls have shown that, despite which segment of the population is asked, the Conservative government is facing a major defeat in 2024. With this in mind, several policies brought in by the Conservative government may be changed or replaced, while a Labour government may implement other business focused policies aimed at generating growth, reduce unemployment and raise taxes, in order to address the large scale deficit faced by the UK on the back of several poor political decisions, including the Liz Truss chaotic "mini-budget". As the new government settles in, the smart business leader will seek to establish the boundaries for the business growth and, as a minimum, advise government members what they plan to do for building their resilience. The more businesses that take the time to build and set their own resilience journey, the better it will be for the UK, allowing the new government to start repairing the nation's social, economic, defence, political and international structure, and not having to worry about trying to also rebuild the commercial sector, just adding a guidance review every now and then. Post Conservative, it has to be every hand to the pump to repair the damage that has occurred to the UK as a nation, no matter the role or sector that someone operates within. Only then will the UK recover from 6 years of political instability and self-generated crises.

“If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.” The UK faces multiple economic problems – all of which may be individually solved with considerable effort, but collectively look a clusterf*ck of monumental proportions. When it takes office, Labour will be given 100 days to solve them all. Who would want to be an MP? #markets #investing #economy #politics

Professional Services businesses are driving UK’s economic growth!

Some brief, non party political, thoughts from me following last night: Does this put UK business in a strong position? We now have certainty in our parliament with a huge majority, and will this put us in a good position with the U.S and Europe where there is large uncertainty in the political processes on ongoing. I have to think this will be positive for UK Business. Proportional representation. Do we need this now? Example, Reform (I'm not a fan by the way) have a larger percentage of the vote compared to LD, but have 4 seats compared to 70. Can this be right? Generally there is a lack of interest and respect ongoing to our politicians and process, particularly from young people. What can we do to change this? There are major structural issues in the UK from a wide variety of angles, and it will take a generation (?) to sort these out. Will the huge labour majority enable this to happen, I doubt it. Interesting times, but lot's of opportunities...