The Economic Consequences of a Hung Parliament
Britain's just-completed election will produce a weak government and considerable uncertainty – and not only about the UK's withdrawal from the EU. The greater the political instability, the more acute is the need for a framework that will finally start to address the deep divisions and challenges facing the British economy.
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MANCHESTER – The United Kingdom’s just-completed election was supposed to provide – as the Conservative Party’s campaign slogan put it – a “strong and stable” government. It ended up doing the opposite, producing a hung parliament and the likelihood of another general election later in the year.