More News80% of UK FS Firms Believe Hung Parliament Will Damage Economy

80% of UK FS Firms Believe Hung Parliament Will Damage Economy

Four out of five financial services practitioners believe the UK economy will suffer if the general election results in a hung parliament, a Chartered Institute for Securities & Investment (CISI) survey shows.

Of those taking part, 21% suggested that having no single political party with an overall majority would plunge the country into a prolonged recession, while a further 59% thought that the impact would be to delay economic recovery.

However, 12% considered that there would be no effect and 8% said a hung parliament would provide a boost to the economy.

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