Businessmen do not want noise. They want this electoral process that started this Monday with the announcement by the President of the Government of an advance of the general elections for November 29 to develop in a period of reflection, without media noise, respecting the rules of the game and removing from the equation, at this moment, eventualities like the general strike, in the middle of the electoral process.
Business sources consulted by DEMÓCRATA insist on the need to take time for reflection and long-term planning to address the major issues of the country, among which they place housing, the average salary of workers, the impact of technology, education, or talent.
And, regarding the housing, businessmen demand less paperwork -which, in political terms, can be decrees- and more housing, greater construction, and more supply.
Clear rules of the game
During these two days, in which the XXIX Congress of Family Business has been held in Madrid, different businessmen have conversed with DEMÓCRATA about the political situation and the new date with the polls. Among their positions, a common denominator appears: legal security, clear rules of the game, respect for the laws, and a stable framework for companies to invest, hire, and grow.
Companies, they maintain, can contribute a lot to society. Their sense of belonging, their capacity for investment, innovation, and job creation are part of an equation that, according to these sources, must be taken into account when addressing the major problems of the country. For this, they demand agreements, dialogue, and broad-mindedness.
"Without companies -they emphasize- a prosperous country cannot be built," they clarify.
“More sexy” consensus than polarization
The president of the Family Business Institute, Eloi Planes, expressed this same idea during the inauguration of the Congress and also during the closing. Before the businessmen gathered in Madrid, he demanded the ability to "agree on the essentials and maintain it over time" and called for generating the necessary stability for moderation to regain space against polarization.
“We have to make moderation more sexy than polarization,” Planes stated, placing businessmen on the side of those who want to contribute to building consensus. In his opinion, problems like education, housing, or infrastructure require "less short-term calculation" and solutions that can be sustained over time.
The president of the IEF also brought that claim to the strictly economic field. Companies, he defended, need competitive taxation, a stable legal framework, confidence to invest, and a culture that values private effort. “When we constantly change the rules, it is very difficult to build”, he summarized at another moment of his intervention.
The request coincides with one of the concerns expressed these days by the entrepreneurs consulted by DEMÓCRATA: that the new political scenario does not translate into a succession of regulatory changes without sufficient continuity for companies to plan their investments.
CEIM: “The situation had reached an unsustainable point”
One of the most explicit positions has been that of CEIM. The Madrid employers' association has valued the electoral call and has defined it as a opportunity to open a new stage of institutional stability and legal security.
Its president, Miguel Garrido, has considered that the situation had reached “an unsustainable point” and has directly linked business confidence with the quality of the institutional framework. “No country can prosper when trust in institutions is eroded, basic principles such as freedom of enterprise and private property are questioned, and confrontation replaces agreements,” he has pointed out.
Garrido has demanded the recovery of “stability, legal security, and a vision for the future” and has considered the electoral call as the first step to achieve it. CEIM also reminds that already in June it had called for an early election due to institutional deterioration and the uncertainty that, in its opinion, was affecting citizens, companies, and investors.
The Madrid employers' association thus emphasizes a matter that is repeated in the conversations held these days with entrepreneurs: the need to know the rules of the game and to be able to maintain them for a sufficient period.
CEOE: calm and democratic normality
CEOE has maintained a more institutional position regarding the call. The message that the business organization has conveyed has focused on respect for the decision made and on the need for the process to develop normally.
But the employers' association itself has raised the tone this Tuesday when commenting on the general strike announced by the unions in relation to housing. CEOE and Cepyme consider it "unacceptable" to transfer to companies and their workers the cost of a pressure measure directed at the Government and have warned that, at a time when citizens are called to the polls on November 29, it is hardly justifiable to use business activity as a "board" to influence the electoral process.
The business organizations have demanded that the electoral period be faced with "calm and democratic normality" and have placed among their priorities legal security and the normal functioning of companies.
The position takes on special relevance in the debate on housing. The entrepreneurs consulted by DEMÓCRATA do not only place the problem in the specific measures that the Government may approve, but in the need to increase supply. More housing, more construction, and less regulatory uncertainty appear as some of the conditions they consider necessary to expand the market.
Lorenzo Amor: "Welcome the elections at last"
Within the business sphere, the most forceful reaction has come from Lorenzo Amor, president of ATA and vice president of CEOE. As soon as Sánchez's announcement was known, Amor publicly celebrated the call for elections.
"It is always good news that elections are called and that citizens are given a voice," he stated. In his opinion, "it was more necessary than ever now." The president of ATA recalled that the legislature ends without new General State Budgets and described the situation for the self-employed as "disastrous", attributing to them a loss of purchasing power and an increase in obstacles, taxes, and contributions. "Welcome the elections at last and let the citizens decide their future," he concluded.
Amor's position introduces a nuance regarding CEOE's more institutional tone: from the self-employed sector, there has been an openly favorable assessment of the electoral advance, linked especially to the exhaustion of a legislature without Budgets and the need for the polls to define a new political scenario.
An economic agenda that cannot wait
The electoral advance comes also when a long list of pending economic issues remains open. The dissolution of the Cortes leaves a good part of the legislative agenda in suspense and keeps the Budgets for 2023 extended for the fourth consecutive year. Among the affected matters are economic, fiscal, and labor reforms that were pending processing.
It is precisely at this point where the demands conveyed by entrepreneurs during the Family Business Congress acquire a dimension that goes beyond the electoral call itself. The message conveyed by the sources consulted by DEMÓCRATA is not so much which party should govern as what conditions the productive fabric needs to face the coming years.
Housing appears among the priorities, but also productivity, education, talent, digitalization, energy, and Spain's capacity to attract and maintain investment.
At the Congress, Juan José Cano, president of KPMG in Spain, called for accelerating the necessary reforms to improve competitiveness and placed among the priority areas energy, digital sovereignty, industry and defense, capital markets, regulatory simplification and stability, and talent.
The common denominator that emerges from these positions is, therefore, more economic than political: stability to decide, legal security to invest, and rules that do not change constantly.
Difficult times
Entrepreneurs tell DEMÓCRATA that difficult times are coming and that problems must be faced with consensus and transversality. They do not propose that political differences disappear, but that decisions affecting the economy and business activity have a perspective that transcends the short term.
In this specific time, their demand is simple: to think without noise in order to make important decisions. And to do so on substantive issues -housing, salaries, education, technology, talent, investment- for which, according to the consulted business sources, Spain still needs lasting answers.