UK News

Insights from the UK and beyond

Will a hung parliament create a serious hangover for British business?

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parliamentElection day is fast approaching and with the poll gap narrowing between the Conservatives and Labour, there is a very real probability that the UK will end up with a hung parliament. For the first time since 1974, the UK may be left without clear political leadership.

- What will this really mean for British business?
- How will the markets and sterling react?
- Will a hung parliament scare off international investors?
- Could the economy survive a second general election within a year?

Thomson Reuters has put together an expert panel that will look at the real and practical implications of a hung parliament on the UK economy and what this will mean for British business.

Angela Knight: Chief Executive, British Banking Association

Bobby Duffy: Managing Director, Public Affairs, Ipsos MORI

David Owen: Chief Financial Economist at Jefferies International

Professor Philip Cowley: Parliamentary and constitutional expert, Nottingham University and co-author of The British Election 2010

How did the party leaders fare on Twitter?

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There was no undisputed winner, according to the snap polls which followed the second leaders’ debate in Bristol last night. The instant polls were split on who had won, with three saying LibDem leader Nick Clegg was the victor and another two placing the Conservatives’ David Cameron in first place.

“The three main party leaders were unable to land a knockout punch on their rivals,” said Reuters correspondent Peter Griffiths, reporting from Bristol yesterday.

Experience versus change, but who’s the REAL change?

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It’s fascinating to watch Labour and the Tories search around for a response to Lib Dem fever after years of ignoring the third party and being incredibly rude to Nick Clegg every time he stood up to speak in the House of Commons. No sooner would the Speaker call Clegg’s name at the weekly cock fight that is Prime Minister’s Questions than Labour and Tory MPs would fall about laughing. Well, for the time being, the joke is on them.

Keeping their eyes firmly on David Cameron, still the main threat to Labour despite the wave of Cleggmania sweeping the land, Labour staged a press conference about the economy yesterday morning — strangely, at the same venue where Clegg launched the Lib Dem manifesto last week. Gordon Brown, Peter Mandelson and Alistair Darling came armed with a new campaign prop: a fake radio news bulletin dated June 25, offering an alarming scenario of what would be happening to Britain under a Conservative government.

Twitter learns to love the LibDems

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Our exclusive analysis of  political sentiment expressed on Twitter.com shows a surge in pro-LibDem tweets since Nick Clegg’s successful performance in the leaders’ debate on Thursday evening — mirroring the huge swing towards the party in the opinion polls.

U.S. marketing firm Crimson Hexagon is archiving all political tweets throughout the election for Reuters.co.uk and analysing them for positive and negative sentiment. The latest statistics show a dramatic spike in positive LibDem sentiment, sparked by Clegg’s universally praised performance during the televised debate, the first of its kind in British politics.

Was it the worm wot won it?

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My colleague Ross Chainey has blogged about how Nick Clegg emerged as the winner on most measures from last night’s TV debate. But there’s another battle going on in this election — that between traditional broadcast and new-fangled social media.

“In real terms last night was the triumph of broadcast media over digital media,” the head of digital at one of the parties told me this morning.

What did Twitter make of the leaders’ debate?

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History was made last night with Britain’s first televised political leaders’ debate, which was seen as an opportunity for Labour’s Gordon Brown, The Conservatives’ David Cameron and the Liberal Democrats’ Nick Clegg to stamp their authority on an election campaign that has so far failed to generate much excitement.

Outsider Clegg was judged the clear winner by almost every snap poll followinged the ITV broadcast. Today a ComRes/ITV opinion poll of over 4,000 people who watched the programme has the Tories on 36 percent, LibDems on 35 percent and Labour on 24 percent — a 14 percent jump for Clegg’s  party.

Poll: Who do you think won the UK election debate?

Gordon Brown, David Cameron and Nick Clegg made history tonight with the first live election debate on British TV.

Who won the debate?

    David Cameron Nick Clegg Gordon Brown No clear winner

View Results Loading ... Loading ...

Will a Hung Parliament create a serious hangover for British business?

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ParliamentElection day is fast approaching and with the poll gap narrowing between the Conservatives and Labour, there is a very real probability that the UK will end up with a hung parliament. For the first time since 1974, the UK may be left without clear political leadership.

- What will this really mean for British business?
- How will the markets and sterling react?
- Will a hung parliament scare off international investors?
- Could the economy survive a second general election within a year?

Labour lavish spending a thing of the past?

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Gordon Brown chose a brand new 545 million pound hospital as the backdrop to unveil Labour’s election manifesto but the document signals that Labour’s past lavish spending on infrastructure is a thing of the past.

In these budget-challenged times, the focus will be on extracting maximum value from every pound spent on health, education and other services, the manifesto makes clear.

Once a prince of darkness, now loving the limelight

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BRITAIN-ELECTION/“Enjoy it!” That was the message from Peter Mandelson to Labour supporters this morning as he launched a vitriolic attack on the Conservatives during a speech in central London, clearly relishing every minute of it. Once nicknamed the “prince of darkness” for his ability to mastermind Labour’s strategy from behind the scenes, Mandelson has transformed into the party’s best public performer.

It was different in the days of Tony Blair, who could go out and dazzle the voters with his easy charm and passionate oratory, leaving Mandelson to the backroom strategic thinking that helped sweep New Labour into power in 1997 and keep them there for 13 years. Now fronted by Gordon Brown, whose strength lies more in his grasp of policy detail than in his presentational skills, and trailing the Conservatives in the polls a month before an election, Labour need all the charisma they can get. Mandelson has stepped up to deliver it, with evident jubilation.

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