May under pressure as election ends in hung parliament

Pound and UK equities set for bumpy day

clock • 3 min read

The 2017 UK General Election has ended in a hung parliament after the Conservatives failed to secure the majority pollsters had predicted in the run-up to yesterday's vote.

With just a handful of constituencies still to declare a winner, the Conservatives were projected to win 318 seats, Labour 261 and the SNP 35. This would mean Labour had gained 29 seats while the Tories had lost 13 and the SNP had lost 22. UKIP lost its only seat. According to the BBC, the Conservatives were forecast to win 42% of the vote, Labour 40%, the Lib Dems 7%, UKIP 2% and the Greens 2%, signalling "a return two-party politics in many parts of the country, with Labour and the Conservatives both piling up votes in numbers not seen since the 1990s". Turnout so far is 68.7% - up two...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

News editor's view: Disconnects, deals and debates

News editor's view: Disconnects, deals and debates

The news editor's Friday Night Takeaway from 22 November

Sahar Nazir
clock 25 November 2024 • 2 min read
PA Asks: Is the FCA's pensions targeted support consultation a good move?

PA Asks: Is the FCA's pensions targeted support consultation a good move?

This week’s poll also looks at FOS/FCA modernisation and the Mansion House speech

Professional Adviser
clock 25 November 2024 • 1 min read
FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read