The chairmen of Marks & Spencer, Wm Morrison and Next have warned a future government that consumer confidence remains fragile and that stability after the general election is key to securing the recovery.
“Don’t put the tentative recovery at risk,” Robert Swannell, the chairman of M&S, warned a future chancellor before the May election, amid growing concern in blue-chip boardrooms about political uncertainty.
Andrew Higginson, the chairman of Morrisons and N Brown, said: “Don’t create any big swings in taxation policy, or regulation, or government interference. Let there be a period of stability. Allow the economy to properly recover. We are emerging from a very bleak period.”
The comments were made during a survey by Korn Ferry, the executive search firm, of 35 chairmen of