A SURGE in the stock market post-election was possibly more to do with the position of an outright majority than it was with the colour of the party.

A hung-parliament, a period of discussions, deals and compromises would have left UK investors with too much uncertainty for the future.

Some clarity on policy means that companies can plan, for the better or for the worst.

However the uncertainty of the election may seem insignificant to the next large decision looming for the country. Europe. A referendum in 2017 or possibly 2016 will put on hold major decisions for many international investors.

At the moment the UK enjoys EU free-market access (both ways of course) and the benefit of a strong independent currency.

Warrington may wish to take a view on the benefits of the EU.

Nuclear industry exports to the EU in March 2015 were £1.3bn (uktradeinfo.com). Vehicles (excluding trains) were also in the region of £1.3bn and Mineral oils and fuels around £1.1bn.

These are all strengths of the north west and have extensive supply chains operating across the region and beyond.

So when it comes to making a choice about the EU then think carefully about keeping the trade door open.

  •  LAWRENCE Bellamy is associate dean at the University of Chester's Padgate campus and writes a regular column for business.