In respect of the hung parliament position, the Asset Based Finance Association, ABFA,  has a clear stance:

“The hung parliament result could seriously hurt the UK’s fragile economic recovery, delivering as it does more uncertainty and risk to businesses. At a time when the country is facing its highest debt ever a clear reduction strategy is needed, which a hung parliament is not best suited to deliver.

The ABFA supports policy plans to increase the availability of credit to SMEs. However, with a hung parliament it is not clear what party policies will actually be implemented, and this could be to the serious detriment of British business. We hope all parties will work to find a swift resolution.

In addition, the wider implications of such uncertainty – for instance the pound has already dropped – will only hurt the UK economy further, demonstrating the need for stability to support both companies and employees alike.”

As we enter another round of political twists and turns this evening, stability is exactly what the economy needs right now.