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Some background reading on hung parliaments (from 2015 but still relevant)
https://publiclawforeveryone.com/2015/05/07/hung-parliaments-some-election-night-reading/
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The view in Europe (from Manfred Weber, leader of the EPP)
One year after the decision of the British people to leave the
European Union, we see that Europe - Paris, Berlin and even Brussels -
are stable. We are ready but we see disorientation in London, and
that's why it's not a positive thing we experienced last nightIt's purely a domestic decision who is our partner but we want to
start ( the negotiations). Time is running. Instability, losing time
is not in our EU interest . We want to have an agreement. Europe is
for the moment strong and united and we wait for BritainIt's more a problem in London than in Brussels at the moment. So we
need a strong partner on the British side and that's not the case
after this vote -
The fact that they have had a few Kensington & Chelsea recounts (and that the counters have had to go home for a rest) makes me think that the early rumours of Labour taking the seat might be true. In other words, perhaps the Conservatives are struggling to accept the verdict, and keep asking for another count. It doesn't sound like there is a limit on recounts, and the current record number of recounts is apparently 7.
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London's FTSE 100 has opened up 0.6 per cent at 7,497.0.The main
London index is home to a series of multinational companies which
benefit from a weaker pound, which makes exports more competitive and
flatters earnings made in foreign currency when translated back into
sterling.A seemingly sensible response to what might mean a more considered approach to Brexit?
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I think I am in a minority in thinking Clegg is a good politician. I've seen him talk, and he seems decent and genuine. And when you hear the story behind tuition fees - for which he always gets savagely attacked - then you being appreciate its redistributive benefits (i.e. it was intended to reduce the implicit subsidy on late-stage education that often favours the middle class and instead invest more in the early years where it can potentially make the most difference to everyone's opportunities).
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Shares in SKY down 2% on the belief that the result will mean the takeover by Fox will be more challenging than expected. Sad news.