fb

The UK election, a hung parliament, sterling and your exams…

The UK election, a hung parliament, sterling and your exams…

All the news in the UK today was full of the election.

As the votes were counted this morning it soon became clear that Britain would have its first hung parliament since 1974.

A hung parliament is where there isn’t a single political party with enough votes to form a majority government.

In terms of a topical “political” within PESTEL analysis then it doesn’t get much more topical than this!

The markets didn’t react favourably to the news with sterling taking big losses against both the dollar and the euro. It was felt that a hung parliament would cause delays in tackling the UK’s economic problems.

The general feeling in the press seems to be that continued political uncertainty could result in further falls in sterling as well as potential downgrading of the UK’s credit rating.

If PESTEL comes up in the exam then don’t forget the topical “P”!

Share this entry

Recent articles

View All Articles
You or your boss?
Jun 13, 2024
Title
You or your boss?
Excerpt

So, should you do it or should your boss do it? I’m talking about making decisions and the […]

A takeaway or a fakeaway?
Jun 06, 2024
Title
A takeaway or a fakeaway?
Excerpt

In the final run up to your professional exams it’s often a case of cramming your final revision […]

Peloton’s ride from pandemic peak to rental rebounds
May 30, 2024
Title
Peloton’s ride from pandemic peak to rental rebounds
Excerpt

Whilst home exercise bikes can be a great way to get fit, a lot of people who buy […]

Big 4 under the spotlight…
May 22, 2024
Title
Big 4 under the spotlight…
Excerpt

Recent findings have shown that Britain’s audit firms did not raise alarms for three-quarters of the major companies […]

Better than the professionals?
May 13, 2024
Title
Better than the professionals?
Excerpt

The landscape of investing is evolving, with the rise of retail, or “do-it-yourself” (DIY) investors who are achieving […]

Don’t get angry over anger management
May 07, 2024
Title
Don’t get angry over anger management
Excerpt

Have you ever been angry at work? If you have then you are not alone. The latest Global […]

Cows or dogs in your portfolio?
May 01, 2024
Title
Cows or dogs in your portfolio?
Excerpt

As well as being included in ACCA, CIMA and CMA (USA) exam questions over the years, the Boston […]

KPMG unlocks previously locked up talent.
Apr 30, 2024
Title
KPMG unlocks previously locked up talent.
Excerpt

KPMG, one of the Big Four accounting firms, has recently announced its commitment to expanding its hiring of […]