Hung parliament 'would hurt economic recovery'

The creation of a hung parliament at the upcoming general election will damage the recovery of the UK’s economy.

This is according to a new survey of financial services practitioners carried out by the Chartered Institute for Securities & Investments, which found 59 per cent of respondents believe a parliament where no political party has an outright majority will hamper progress in this area.

One in five (21 per cent) of respondents said such as situation would cause the country to fall into a ’prolonged recession’, while only 12 per cent stated they think a hung parliament would have no effect.

’Barely any legislation would be passed because of an ongoing blood bath created by warring political parties,’ remarked one person taking part in the research, however another argued a hung parliament would force them to ’work together for the benefit of the country’ rather than their own interests.

Current opinion polls suggest the Conservative Party holds a narrow lead over Labour ahead of the general election, which is widely expected to take place in May.ADNFCR-2318-ID-19699140-ADNFCR