The channel's political editor Gary Gibbon said the result pointed to a "hung parliament" in which the Conservatives would have the largest number of seats but would be 11 seats short of a majority. Britain last had a hung parliament in 1974. Financial markets, which are focussed on Britain's record deficit and want the next government to tackle it aggressively, do not like the prospect of a hung parliament. They fear wrangling between the parties could delay painful but necessary public spending cuts.
Financial markets, which are focussed on Britain's record deficit and want the next government to tackle it aggressively, do not like the prospect of a hung parliament.
They fear wrangling between the parties could delay painful but necessary public spending cuts.
