FPA comment on the appointment of Boris Johnson as Conservative party leader and Prime Minister

FPA comment on the appointment of Boris Johnson as Conservative party leader and Prime Minister

Executive Director Martin Kersh says:

“It’s very difficult to express enthusiasm towards a Prime Minister who could even consider leaving the EU with no agreement. Couple this with his stated views of business (the lifeblood of our country) then it’s hard to believe we now have a Conservative Prime Minister who is a confessed non ally of business.

“Balanced against this is an intention to lower corporation tax. It will be interesting to see if this can be delivered given his huge spending promises.  Indeed, there is no guarantee a reduction in corporation tax will result in the investment needed to bring about the much needed increase in productivity the UK so urgently needs.  A little love bombing of business would be welcomed.

“For the packaging sector, do we believe the timing of the reports on the Resource and Waste Strategy is a coincidence? We await to see Boris’s pick for Defra Secretary of State.  One could imagine his policies on the environment will reflect those of the mass media.  Why challenge as it’s such a safe ground to court popularity.  If packaging was defined solely by kipper packaging then our new PM clearly considers himself as an expert.”