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Will the UK economy tread water until the election?

As we approach the general election, which is expected either at the end of this year or in the first half of 2010, there are worries that the UK economy may tread water between now and voting day. The worry is that an increase in confidence, which is by far and away the most important element of any recovery, is some way off and the ongoing concerns regarding MPs expenses are causing significant unrest throughout the UK.

While a root and branch review of Parliament is underway many taxpayers in the UK just do not believe and do not trust the vast majority of MPs. Even though the likes of David Cameron have seemingly fared better in the polls, today we saw details of alleged expenses claimed by the Conservative leader some years ago. All in all, each and every political party and every member is in the firing line and until Parliament can demonstrate its trustworthiness to the UK electorate we will have problems.

There are also concerns regarding future economic policies, with the Labour Party and the Conservatives disagreeing on a number of key issues. On the back of this, it is unlikely that the UK banking sector will introduce significant new liquidity until future policies are clearer and forecasts more stable.

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