Hung Parliament

TRUSt_NO_1_2

When they said parliament was hung I thought at last...but the euphoria was short lived.

83

Greycrow

TRUSt_NO_1 wrote: »

When they said parliament was hung I thought at last...but the euphoria was short lived.

83

Wishful thinking:(

Mickygg

Bad news for savers and investors I feel. Lets hope they sort this out quick!

Onawingandaprayer

Sources suggest one or two are well-hung:eek:. Seems unlikely though...

Mickygg

Hmmm seems I could be wrong, this article on our very own MSE quote surprised me

The Bank of England base rate, which underpins many savings rates has been at an historic low of 0.5% for over a year, bringing misery to millions of savers (see the Top Savings guide).
Most economists believe base rate is likely to stay low for many more months, though there is some belief a hung parliament could change that, which could push savings rates up.
Douglas McWilliams, chief executive of the Centre for Economic and Business Research, says: "If the pound's slide continues, the Monetary Policy Committee (of the Bank of England) will almost certainly have to raise base rates to hit their inflation target.

"Our analysis of a hung parliament – that it would lead to higher interest rates and a weaker currency – is looking prescient.

"If the Lib Dems decided to support a Conservative budget to deal with the UK’s deficit, the situation would change. But it is difficult to see why they would do this."

So lets wait and see.

lvader

The pound isn't even close to the lows it hit before and they didn't raise interest rates before, why would they now?

wombat42_2

TRUSt_NO_1 did you hang onto your big gold position from a couple of years ago ? If so gold is about the only thing doing well right now

Primrose

Well, I know the public wanted to teach the politicians a lesson but it seems to me that most voters haven't got what they wanted with this result either.
Conservative voters will be very unhappy about any possible, Lib-Con coalition, Labour voters will probably see their party out of office, Lib Dems will be deemed to have taken the 30 pieces of silver if a Lib-Con pact fails to materialise and they end up with doing business with Labour, and the stock market will fall, affecting the investments and pension funds of much of the population.
I don't see how Proportional Representation would necessarily solve this dilemma. People and markets don't like fudges, particularly where governments and politicians are concerned, and especially when our economy is in such a dire state with such a huge financial deficit.

anamenottaken

TRUSt_NO_1 wrote: »

When they said parliament was hung I thought at last...but the euphoria was short lived.

83

So you misread "hung" for "hanged", an easy mistake to make.