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Saturday, 24 April 2010 - UK Conservatives issue election stalemate warning |
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    Edition: U.S. Article Comments (0) Video Save Email Print Reprints Most Popular Most Shared UPDATE 1-Obama warns of 'misguided' immigration efforts 23 Apr 2010 South Korea raises warship, finds clues on sinking | Video 11:32am EDT Police barred from penis enlargement 23 Apr 2010 Potentially deadly fungus spreading in U.S. and Canada 22 Apr 2010 North Korea torpedoed South's navy ship: report 22 Apr 2010 Biggest study on cellphone health effects launched 22 Apr 2010 Thai PM rejects protesters' peace offer | Video 10:32am EDT Obama says auto bailouts have paid off 11:03am EDT Goldman emails laud profit from subprime shorts 10:45am EDT U.S. to WellPoint: Stop dropping breast cancer patients 23 Apr 2010 Police barred from penis enlargement 23 Apr 2010 Potentially deadly fungus spreading in U.S. and Canada 22 Apr 2010 U.S. to WellPoint: Stop dropping breast cancer patients 23 Apr 2010 Britons believe the hills are alive with haggis 23 Apr 2010 South Korea raises warship, finds clues on sinking | Video 11:32am EDT U.S. students suffering from Internet addiction: study 23 Apr 2010 UPDATE 1-Obama warns of 'misguided' immigration efforts 23 Apr 2010 Oil spill contained, search for 11 continues | Video 23 Apr 2010 Corrected: WellPoint routinely targets breast cancer patients 23 Apr 2010 Biggest study on cellphone health effects launched 22 Apr 2010 Pictures Best of the week Our best photos from the past week.  Slideshow  UK Conservatives issue election stalemate warning Michael Holden LONDON Sat Apr 24, 2010 11:31am EDT Related News Tight UK election heads for stalemate: polls Fri, Apr 23 2010 Markets look beyond UK hung parliament risk Fri, Apr 23 2010 Highlights: Britain's second election TV debate Thu, Apr 22 2010 UK's third party rebuffs PM's reform overtures Wed, Apr 21 2010 Factbox: Issues likely to dominate UK leaders' debate Wed, Apr 21 2010 Related Video Blair still faces Iraq war protests 10:35am EDT Britain's opposition Conservative Party leader David Cameron speaks at an election campaign rally at Palmer's College in Thurrock, Essex, April 24, 2010. Credit: Reuters/Kirsty Wigglesworth/POOL LONDON (Reuters) - Britain's Conservatives warned on Saturday a stalemate in the upcoming election would threaten the country's economy as polls showed the tightest election race in nearly 20 years was likely to produce no outright winner. World A surge in support for the Liberal Democrats has increased the prospect of a "hung parliament," with no single party in control, for the first time since the days of the global oil crisis in 1974. The opposition Conservatives' once commanding lead in the polls has withered in recent weeks and they now lack the support needed to guarantee a return to power in the May 6 vote, after 13 years in opposition. The latest surveys on Saturday gave the Conservatives a five-point lead over their rivals. The Lib Dems and Prime Minister Gordon Brown's Labour Party were neck and neck on 29 percent in one, while the other showed Labour trailing in third. The election race has been thrown wide open by a rise in support for the Lib Dems following the strong performances of the party's leader Nick Clegg in Britain's first U.S.-style live televised debates. Conservative leader David Cameron focused a campaign speech on Saturday almost totally on the risk he said a hung parliament would pose, particularly to the economy as Britain slowly emerges from the worst recession since World War Two. Polls say the economy is far and away the voters' biggest concern and the issue has dominated the campaign. "We need to win this argument in this election campaign that a hung parliament isn't a change for the better, it would be a change for the worse," said Cameron, adding it would leave politicians "bickering, horse-trading and arguing." RECORD DEFICIT The prospect of an inconclusive election result has worried financial markets which fear a coalition government would fail to make spending cuts needed to tackle a record budget deficit. However, analysts have suggested markets might be coming round to the idea that a hung parliament would not be as damaging as initially feared. The Conservatives want to cut the deficit, running at more than 11 percent of GDP, more quickly and deeply than Prime Minister Gordon Brown's Labour government. "Think about the threat of a hung parliament to our economy -- a hung parliament where there's no agreement about getting on with dealing with the debt and deficit," Cameron told supporters in Thurrock, east of London. Labour say Friday's lower-than-expected GDP figures support their stance that it is too early to make cuts. "I will not hesitate to go round the country every day saying the Conservative Party are now the greatest risk to the economic recovery of this country," Brown said in a speech in Corby, central England. With Labour trailing in the polls and the Lib Dems holding onto recent gains, media reports said Brown's party was rethinking its strategy. They said the prime minister was poised to become a more visible presence on the campaign trail, meeting with undecided voters rather than party supporters. (Additional reporting by Peter Griffiths; Editing by Noah Barkin) World     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   More from Reuters Thai PM rejects protesters' peace offer BANGKOK (Reuters) - Thai Prime Minister Abhisit Vejjajiva on Saturday a rejected a new, compromise offer by anti-government red-shirt demonstrators to end weeks of increasingly violent protests in return for early polls. | Video South Korea raises warship, finds clues on sinking | Video Anti-U.S. cleric offers Iraq government help after attacks | Video Jailed Chilean cult leader Schaefer dies at 88 Suicide raid killed American soldier on Kabul base: U.S. Most French want burqa law, but not total ban » More Top News Euro risks losing friends Now that Greece has hit the "help" button, spooked investors may pull money out of the euro zone, putting the euro's status as a key reserve currency at risk.  Full Article  Greece tensions to take center stage Debt quicksand is all around Global Markets Commentary: Does the SEC have a case? Frustration with Wall Street shouldn't be confused with the strength of the SEC's case against Goldman Sachs, writes legal expert Charles K. Whitehead.  Commentary  Felix Salmon: Goldman’s biggest lie Buffett mum on Goldman Goldman Sachs © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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