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An anonymous reader writes "Most of the voting UK public are pretty confused as they thought as the Conservatives (Capitalist) got the highest number of votes on 6th May, that there would be an immediate change from the Labour (Socialist) government. But instead for the first time in 35 years the UK government is looking to be at risk of getting a hung or coalition government. (The most recent previous hung parliaments were in 1974 and 1929.) The voting rules are somewhat arcane and the votes this time are such that there are many strange possible outcomes and surprisingly large number of permutations of coalitions that could be formed and political strategies that may go into their forming. There are at least 60 permutations some more politically plausible than others. Adam Back wrote some software to work out the permutations, and lists some of the arcane factors affecting the outcome. If Labour Prime Minister Gordon Brown chose to, it would appear even that he could simply refuse to resign, ostensibly trying to form a coalition indefinitely, maybe even forcing the Queen to dismiss the current Government, which last happened in 1834 under King William IV.
And this lack of a clear government and political uncertainty couldnt have come at a worse time for the UK economy, which after 13 years of Labour government is on track to reach a higher debt-ratio than Greece this year. Unsurprisingly the GBP currency has been falling since the election results particularly while its uncertain which party or coalition will end up in power. Also the UK is not accustomed to power-sharing and given the state of the economy a majority Conservative government is what the markets were preferring, or failing that at least a government! The UK government debt rating is increasingly at risk of downgrading from AAA which readers may recall was the bellwhether that presaged the onset of the Greek government debt crisis, causing the Euro currency to fall, and raising fears of a cascade of European countries defaulting on their debts and causing international stock markets turmoil and fears of a second dip to the just recovering world credit-crisis recession."
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And this lack of a clear government and political uncertainty couldnt have come at a worse time for the UK economy, which after 13 years of Labour government is on track to reach a higher debt-ratio than Greece this year. Unsurprisingly the GBP currency has been falling since the election results particularly while its uncertain which party or coalition will end up in power. Also the UK is not accustomed to power-sharing and given the state of the economy a majority Conservative government is what the markets were preferring, or failing that at least a government! The UK government debt rating is increasingly at risk of downgrading from AAA which readers may recall was the bellwhether that presaged the onset of the Greek government debt crisis, causing the Euro currency to fall, and raising fears of a cascade of European countries defaulting on their debts and causing international stock markets turmoil and fears of a second dip to the just recovering world credit-crisis recession."
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UK Coalition Government Arcana