Hung parliaament - phew

carolt

Am I the only one to be rather relieved we have a hung parliament?

I was dreading a large Tory majority, but equally, would not have been happy with Labour hanging on, either.

I was hoping for a hung parliament so that the govt actually represented the views of a wider-cross section of the electorate - I don't think any one party has the monopoly on the 'best' solutions, so hopefully if they all work together, we might get a range of sensible policies.

(And yes, I am aware that the alternative is that we get a mixture of all their most rubbish policies...but one must always hope. )

mitchaa

Mr Cameron will be PM within the next couple of weeks.

Spending cuts will start the day after, we will have a Tory government. I'm a little pleased that the Lib Dems will get some say and hopefully political reform is on its way.

CLAPTON

the main pre-occupation of a hung parliment will not be the good of the country or the deficit but the date of the next election... let's say 6 months to a year.

mitchaa

CLAPTON wrote: »

the main pre-occupation of a hung parliment will not be the good of the country or the deficit but the date of the next election... let's say 6 months to a year.

It will be hung again then too unless they change the voting system. People will vote the same as they did do thursday.

CLAPTON

mitchaa wrote: »

It will be hung again then too unless they change the voting system. People will vote the same as they did do thursday.

unlikely; six months of a coalition and much back stabbing will change peoples voting patterns.

Bullfighter

carolt wrote: »

Am I the only one to be rather relieved we have a hung parliament?

Madness. A hung parliament is a disaster for the UK. In fact this could be the end game for our sovereign debt. If the coalition doesn't immediately enact massive spending cuts and implement tax increases I predict a Gilts strike before the summer.

Jim

carolt

I think a hung parliament was expected by the markets, so there has been no panic reaction.

Bullfighter

carolt wrote: »

I think a hung parliament was expected by the markets, so there has been no panic reaction.

Umm, well you are right that Sterling took a dive just before the election, however Sterling dropped below $1.45, from about $1.50 on Thursday evening.

Panic might be averted if a 'Fiscal Coalition' get together today or tomorrow and send a clear message to the bond market that we are going to slash the deficit and increase interest rates.

I doubt this will happen.

Jim

PhylPho

Bullfighter wrote: »

>and send a clear message to the bond market that we are going to slash the deficit and increase interest rates.

Don't mention interest rate hikes on here. It kind of wrecks all the math that Hamish and the enriched denizens of Aberdeen depend upon.

Sir_Humphrey

Bullfighter wrote: »

Madness. A hung parliament is a disaster for the UK. In fact this could be the end game for our sovereign debt. If the coalition doesn't immediately enact massive spending cuts and implement tax increases I predict a Gilts strike before the summer.

Jim

Don't believe your own propaganda, Mr Suspiciously Recently-Joined Guy.

Bullfighter

Sir_Humphrey wrote: »

Don't believe your own propaganda, Mr Suspiciously Recently-Joined Guy.

Sorry, I didn't read the memo that stated all new MSE members have to be bulls.

Let me start again. Everything is going to be just super!

((HUGZ))