David Cameron yesterday warned that a hung parliament would put Britain’s much coveted AAA credit rating at risk and cause a spike in government borrowing costs. And he said that unless one party emerges with a clear majority, interest rates will increase while sterling will come under pressure. His comments follow suggestions from business secretary Ken Clarke, who warned that Britain might have to go cap-in-hand to the IMF for a bailout in the event of a hung parliament.
Liam Fox’s home is burgled
Shadow defence secretary Liam Fox cancelled a press conference yesterday morning, after his house was burgled. His laptop and mobile phone were taken, along with briefing papers that contained “sensitive information”. Police say the crime was not politically motivated.
Lib Dems demand PR?
Nick Clegg yesterday said he would demand proportional representation in exchange for propping up either the Tories or Labour in a coalition government. He also said the party would demand fairer taxes, reform of the banking sector and educational reforms.