Aviva group CEO, Amanda Blanc, is urging policymakers to ensure greater stability and consistency for businesses, stating that constant political change makes it difficult for insurers and pension providers to plan for the long-term.
Her comments come after Keir Starmer announced his resignation as British PM and Labour Party leader this week.
“This will be my fifth Prime Minister. It will be my sixth chancellor, and it will be the ninth economic secretary to the Treasury, Blanc said.
“If you think about it from a business perspective, that’s actually quite hard.”
For long-term investors like insurers, she said “any lurch in any direction is not good”.
“That stability is really important. You can deal with most things. But lurching one way or the other is never good.”
