23 Mar 2015
We cannot afford a”power vacuum” – UK CBI
FXStreet (Mumbai) - The UK Confederation of British Industry (CBI) warned today regarding the dangers to the UK economy arising out of a “power vacuum” resulting from a hung parliament post election.
The organization's Director General John Cridland said, “Whether we have a majority, minority or coalition government, we ask those involved to ensure that the period of post-election uncertainty is kept to a minimum, We cannot afford a power vacuum that delays urgent policy decisions and unsettles potential Investors, so any new Cabinet must get down to business as soon as possible. But if horse-trading is required to form a new government, politicians must not duck the tough questions just to reach an agreement and risk undermining the recovery before the ink has dried.”
The opinion polls, so far, suggest a no outright victory for any political party. Hence, the CBI is urging all parties to minimize "post-election uncertainty".
The organization's Director General John Cridland said, “Whether we have a majority, minority or coalition government, we ask those involved to ensure that the period of post-election uncertainty is kept to a minimum, We cannot afford a power vacuum that delays urgent policy decisions and unsettles potential Investors, so any new Cabinet must get down to business as soon as possible. But if horse-trading is required to form a new government, politicians must not duck the tough questions just to reach an agreement and risk undermining the recovery before the ink has dried.”
The opinion polls, so far, suggest a no outright victory for any political party. Hence, the CBI is urging all parties to minimize "post-election uncertainty".