GK Strategy are delighted to announce the launch our latest briefing paper entitled ‘What Would Jeremy Do? Assessing the impact of a Corbyn-led Labour government’.
The last three years in British politics have been among the most tumultuous and uncertain in living memory. In September 2015, it seemed almost impossible that Jeremy Corbyn could lead the Labour Party to victory; since then, the fallout from the vote to leave the EU and the party’s better-than-expected performance in last year’s election have potentially put Corbyn on the road to Downing Street.
The possibility of the next general election resulting in a government led by Labour, with Corbyn at its helm, is now at the forefront of the minds of business leaders and those making investment decisions in the UK. Whether his policy platform is considered a throwback to 20th century socialism or a popular agenda designed to appeal to younger voters, it has the potential to create disruption on a level not seen in British political and commercial life for a generation.
Therefore, unpicking the rhetoric to understand what Corbyn could do in power is an essential part of planning for the future by businesses and investors across a whole range of sectors, as the implications of public ownership, greater regulation and employment reform are weighed up. However, this is not to say that under Corbyn there is a potential threat around every corner; as we explore in this report, there are opportunities as well as risks in areas such as education, healthcare and housing, where increased public spending could be beneficial from the perspective of some businesses.
Either way, a Corbyn-led government would be far from business as usual for leaders and investors in the UK. With a fresh general election less than four years away and the current government struggling to pass its Brexit plans through Parliament, the prospect of Prime Minister Jeremy Corbyn is one that should be taken seriously.