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Business as usual after general election?

Business as usual after general election?

On Friday, Scotland and the UK woke up to a new political reality.

Everyone and their gran had predicted a boring stalemate from general election 2015.

But it was the poll that confounded the pollsters.

It provided great political theatre for neutrals like me. Who could resist playing along with the ‘most upset loser trying not to look angry/sad/slightly unhinged’ game as constituency after constituency north of the border declared (top prize to Douglas Alexander, and highly commended to Neil Hay).

In the end it was an SNP landslide.

But, once the fog of election war has cleared, what does it all mean?

Astonishing as it may be that the SNP is the third-largest party at Westminster, will they actually be able to bring about the change they crave?

For the business community, the change the SNP hoped for came in several forms.

There was a pledge to increase the minimum wage to £8.70 by 2020 and extend support for the higher Living Wage.

There was a commitment to oppose withdrawal from the European Union, a market the SNP says supports around one-in-seven Scottish jobs.

And there was a pledge to triple the employment allowance to £6,000 per business per year in order to cut the cost of creating and maintaining new jobs.

Of course, this was on top of the usual clarion call for a better deal for Scotland and the powers to set taxes at Holyrood which affect every single business in Scotland.

Had the SNP as many expected, despite Ed Miliband’s protestations otherwise ended up supporting Labour through some form of deal, I suspect many of these pledges would have been fulfilled pretty quickly.

But a Conservative majority government, however fragile it may be, is a different proposition altogether.

Ignoring the sea change that has occurred in Scotland may not be politically astute for the Tories, but the new government will no doubt dig its heels in and offer stubborn resistance to the 56 SNP MPs who marched south to shake-up the establishment.

Labour, the only possible alternate government, proposed a change of tack on the economy and did not find the support they needed from the electorate for their plans.

Instead, it was the Conservatives whose economic plans continued to chime.

And that means more of the austerity-led economics that we have come to know over the past five years.

The Tories have vowed to create two million jobs over the course of the Parliament, and pledged a major review of business rates by the end of the year.

But in reality it is a case of steady as she goes in the hope of building a roaring fire from the glowing embers that have emerged post-recession.

I suspect the golden legion may have a difficult time in persuading the wider UK business community that their political plans are also aligned with their best interests.

If you don’t believe me, just take a look at what happened in the wake of last Friday’s result.

The pound strengthened and the UK’s blue-chip FTSE 100 shares index climbed by 2.3% that’s 159 points in a single session.

So, it is going to be a tough furrow to plough for the SNP 56 if they are to deliver the reforms that voters and businesses in Scotland expect.

I wish them well in their endeavours.

However, I expect it will be business as usual at Westminster for some time yet.