Historically the UK Conservatives have always been more in favour of individualism, and protecting the owners of industry; whereas the Labour Party is more concerned with the collective and the employees within industries. However, the governments in other countries also impact upon the UK - in terms of the relationship they have and whether we are co-operating with them or not. Political areas which can have an impact include:

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Social and Employment Legislation

Linked to the government in power, as their fundamental policies will affect what laws come into being, legislation can actually come and go. For example, in the USA, Barack Obama got through his Health Bill - Obamacare -which provides supported healthcare to millions of citizens in America; however since Donald Trump has been elected he is working very hard to get this legislation revoked.

European/International Legislation

The EU has a huge impact upon us in this country. Many of the laws we have in place now are as a result of EU legislation - particularly with relation to working hours and holiday provision - and this can have a huge impact on businesses. The BREXIT implications will involve huge changes again.

Wars and conflict

Wars and conflicts in the world - all have an impact upon us. Whether we become involved in a war - and then if we do, how we service that war and provide the equipment necessary, and the cost to the economy etc.