Markets ‘factoring in’ election result

London: Former British finance minister Nigel Lawson said investors have taken account of the risk that the May 6 British election outcome may mean a hung parliament with no single party controlling a majority of seats.

“A hung parliament is undesirable, because you do need the strength of an overall majority in order to be able to behave really decisively,” Lawson, the chancellor of the exchequer under Conservative Prime Minister Margaret Thatcher from 1983 to 1989, told Bloomberg. Still, “the prospect of a hung parliament is already priced into the market.”