News | Published November 27 2019

Kingsfleet Wealth committed to social responsibility

It is our third election in four years, and understandably, people are weary. Brenda from Bristol now represents more of the electorate than any single political party could ever hope for. But, take out the meaningless soundbites and the political point-scoring over pointing out who is political point-scoring and elections can be quite fascinating barometers of public opinion.

The BBC released an election guide at the beginning of November in which part of their analysis looked at what voters cared about the most. In 2015, Just 10% of those polled believed that the EU/Brexit was the most important issue facing the electorate. In 2019, that peaked at just over 70%. Crime has risen as a priority for Brits over the last four years, while people’s prioritisation of the economy has reduced by around 10%.

As Labour announced their most proudly left-wing manifesto in decades, one of the key terms of this election is inequality, with big business and billionaires being portrayed as a blockade on the route to a fairer society.

Whether one agrees with Corbyn or not, it is apparent that he and his party are clearly tapping into a particular feeling of a disconnect between ‘ordinary voters’ and business. The belief that businesses, large and small, are simply out for themselves, is a pervasive one in British society, and one that is often untrue.

Colin Low, managing director of Kingsfleet Wealth, was well aware of this when writing his best practice article for The Parliamentary Review, with his opening sentence conveying a simple but powerful truth about his marketplace; ‘without public trust, financial services firms have no future’. Low argues that there is a convenience to this – it is not just in the moral interest of businesses to give back to society; it aligns with creating a financially successful company as well.

‘I am particularly struck by the number of water fountains that we see around out towns and cities’ Low pens, continuing ‘it is a testament to the philanthropic nature of, mainly, 19th-century business people that they wanted to assist those who were unable to afford their own water supply’. And it is this spirit that he wants to tap into (other Victorian work practices will be left at the door), with Kingsfleet Wealth supporting educational causes in Suffolk and trying to provide financial education through mainstream media.

An increased positive role in local communities may well be the solution to the disconnect between business and voters that helps to heal divisions within the country; SMEs and big business would do well to look to Kingsfleet Wealth as an example.

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Authored by

The Parliamentary Review

November 27 2019

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