Advisers say hung parliament will stall RDR progress

A hung parliament will have a detrimental impact on the progress of the RDR and stall the UK's economic recovery, say advisers.

With more than 500 results in out of 650, polls suggest the most likely outcome in the final hours of the General Election is a hung Parliament with the Tories as the largest party. Labour cannot now win a majority, but it is not clear which party will be in a position to form a government. Advisers are concerned a hung parliament will hit financial markets hard and push back regulatory reform. The FTSE 100 closed Wednesday 80 points, or 1.52%, down at 5,260 while the Dow Jones plummeted almost 350 points and 3.2% to 10,520. A survey carried out by Opinium Research, which poll...