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

Jack Straw rejects plans to cut MPs

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Justice Secretary Jack Straw spared me a few minutes on the campaign trail to explain why he doesn’t agree with Conservative and Liberal Democrat plans to cut the number of members of parliament.

After he quickly downed a bowl of soup in a cafe in London’s legal quarter, he described in this video clip how his plans to half the size of the House of Lords would be a better way to save money.

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.

Clegg steps out of Cable’s shadow

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BRITAIN-ELECTION/Nick Clegg’s assured performance in last week’s leaders’ debate has helped him step out from the shadow of Vince Cable, so much so that he did not even need his finance spokesman during a trip to Cardiff on Monday.

The Liberal Democrats, so reliant on Cable’s well-publicised economic acumen during the past two years, has used him alongside Clegg for much of the campaign.

from The Great Debate UK:

Fears of UK hung parliament may be overstated

-- The author is a Reuters Breakingviews columnist. The opinions expressed are his own --

Fears of a huhugodixon-150x150ng parliament following the UK's general election may be overstated. With Nick Clegg, leader of the Liberal Democrats, Britain's third largest party, performing well in the first prime ministerial debate, sterling has received a mild knock. Investors do not like the uncertainty that goes with a hung parliament. While many European countries are used to coalition government, the UK is traditionally a two-party system - with government swinging between Labour and the Conservatives.

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.

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?

Taking Twitter’s political temperature

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Britain’s first live television debates between the leaders of the three mainstream political parties are not the only new feature to add spice to the upcoming general election, which Prime Minister Gordon Brown today announced will be held on May 6.

The 2010 vote is also the first time politicians and their strategy teams have had to factor in the micro-blogging site Twitter.com. The social media tool, which did not exist at the time of the last election in 2005, now has over 75 million users who between them sent four billion tweets in the first quarter of 2010.

from The Great Debate UK:

Old traditions die hard in UK election campaigning

number10A study of constituency-level campaign techniques undertaken by Brunel University ahead of a general election expected in early May shows that direct mail is by far the most common method of contact used by politicians to reach potential voters.

Of the 27 percent of the electorate contacted by one of the three main political parties in February, about 90 percent received some form of communication through the post via direct mail, the study shows. Some 92 percent said they had been reached through mailings from the Liberal Democrats, 89 percent from the Conservative Party and 81 percent from the Labour Party.

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