Some of the UK’s biggest companies are refusing to back either of the main parties ahead of the country’s general election, as businesses attempt to avoid being drawn into partisan politics.
Labour landed an early blow against the ruling Conservatives when 120 business executives signed a letter backing the opposition party in the run-up to the July 4 election.
But the letter published by the Times on Monday was considered “light” on big names, with JD Sports chair Andrew Higginson the only sitting chair or chief executive of a FTSE 100 company to sign.
The Financial Times contacted the other 99 companies in London’s FTSE 100 index, asking whether they were backing a party ahead of the election.
Of the 58 that responded, 34 said they were not supporting any party, with several citing policies of political neutrality, while 24 declined to comment.
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