As the UK goes to the polls on 12 December, decades old assumptions about how any government will run the economy are no longer relevant.

The result of the General Election will determine whether:

• we have a government with a stable majority, or a hung parliament and perhaps a second election
• we have Brexit and if so what sort
• the state or the private sector is the dominant player in the economy.

It is key that organisations understand the possible outcomes and what they might mean. Although there is a small amount of common ground, such as an intention to increase public spending and raise the minimum wage, the differences between the two major parties are larger than at any point in recent history.

We take a look at the impact of the election on several major areas for business.