With less than a week to go before the result of one of the most hotly contested general election battles, retail chiefs have warned of the negative impact of a potential hung parliament on the industry.
Simon Berwin, managing director of menswear supplier Berwin & Berwin, said: “A hung parliament would have an adverse effect on interest rates andwould lead to unwanted inflation.”
Tony Brown, chief executive of Beales, added: “It will create a huge amount of uncertainty. We will have three parties pushing their different budgets and taxation.”
Hobbs chief executive Nicky Dulieu warned that a hung parliament would “knock” the recovery of consumer confidence.
At an event at the Fashion Retail Academy, Green said: “What we need now is a clean start - we can’t leave it as it is. I’ve met with David and George [Osborne], I’ve sat with them and they understand what needs to be done. I think they get it.”