Labour true to form, Brexit drag on investment to continue

The Labour Party announced a new policy at their conference this week that would see companies transfer some of their shares to employees. While this policy in isolation might not be too damaging for business, it comes on top of a swathe of others that would increase labour costs and make investment in the UK less attractive. But while we think that a Corbyn-led Government could weigh on investment, Brexit is already doing just that. With little prospect of a breakthrough in the negotiations any time soon, investment will suffer further before clarity on Brexit will – hopefully – provide some relief.