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One form of uncertainty is replaced by another. Before the election, markets were nervous about a mansion tax and possible capital flight if the non-dom rules were changed, plus the usual pre-election uncertainty about the prospect of change.
In view of the result, these issues may have gone away for a bit. But there is now fresh reason for uncertainty. The new government is committed to an EU in-out referendum in 2017. It no longer needs to do a deal with the Liberal Democrats, who might have vetoed a referendum.
So for the next two years, businesses won’t be sure how far they can plan ahead. Will this have an effect on investment? Many busine
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