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FT.com / UK / Politics & policy - Investors fear effects of hung UK parliament

A clear election victory by either Labour or the Conservatives is needed to sustain the appetite for gilts among the world's biggest investors, according to a Financial Times survey that highlights market concerns about the increasingly tight opinion polls.

Ten leading investment funds, with in total more than $7,000bn (£4,570bn) of assets under management, all told the FT that a hung Parliament, potentially delaying action to tackle the UK's £167bn deficit, was the biggest threat to the market.

Nine out of the 10 funds surveyed said they were equally happy to see a new Labour or Conservative government, provided it had a clear majority. This appears to contradict claims by George Osborne, the shadow chancellor, that the markets want a Tory victory and international investors "would rush for the exits" if Gordon Brown was re-elected.

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by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Apr 19th, 2010 at 05:45:16 AM EST
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