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A tale of two elections | This week's editor's post by Laura Joffre Last week, two major European countries went to the polls – and the results couldn’t be more different. The UK saw a landslide win for the Labour party – a much expected result, which gives Keir Starmer’s government a huge majority in parliament for the next five years. Outcome: pretty stable. In France, the results came as a surprise – the far-right, expected to be the biggest group in parliament, was relegated to third place behind a new coalition of left-wing parties, and President Macron’s centrist alliance. None of the three groups are anywhere close to having a majority in Parliament – and seem reluctant to speak to each other. Macron said coalition talks would “take some time” – how long is anyone’s guess; if talks between parties fail there could be a real parliamentary gridlock. Outcome: a mess. As we’ve seen before, the impact community needs to work with policymakers to help build the right ecosystem for social enterprises and mission-driven finance to thrive. The organisations that represent them need to speak the right language to appear relevant to the priorities of the government of the day; for the simple reason that creating impact takes much longer than an electoral cycle. In the UK, the social impact sector is currently experiencing a huge change of direction in policymaking. But it was expected for several months, and we know that this direction is likely to remain steady for some time; so the main actors stand ready – and they’ve told me what to expect for this week’s top story (link in comments). In France, the question is becoming almost philosophical: how can you work with a non-existent government in political chaos? The country has a long history of supporting the social economy through public policy, over successive governments; if parliament is gridlocked it won’t be able to push this agenda further. The French impact community is still taking stock of what’s just happened, and as the dust settles it will find a path forward and continue to make the case for the social economy to policymakers. In the meantime, social enterprises and impact investors will continue their work, helping to tackle the deep social issues at the root of the country’s divisions. Read the full editorial: https://lnkd.in/eeWrm8ir Mouvement Impact France | FAIR - Label Finansol | Social Enterprise UK | Better Society Capital | Tess Godley | B Lab UK

  • Keir Starmer and Emmanuel Macron meet at the NATO summit in Washington, DC. Picture by Simon Dawson / No 10 Downing Street.
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