Political deadlock ‘the biggest threat’ in UK

An indecisive result in the UK’s upcoming national election and weak wage growth present the biggest threats to the economic recovery, according to a Reuters poll of economists.

Voters go to the ballot boxes on May 7 and opinion polls predict it will be close. Most have shown the opposition Labour party either slightly ahead of, or neck-and-neck with Prime Minister David Cameron’s Conservatives.

But with a “hung parliament” in which no one party has enough seats to govern alone looking increasingly likely, 11 out of 27 economists said the outcome of the vote was the biggest risk to Britain’s economy — the largest grouping, followed by 10 who cited weak wage growth.