Tory win ‘will add £2bn to economy’

The return of British prime Minister David Cameron to Downing Street following a surprisingly straightforward general election victory will add at least £2bn (€2.7bn) to the UK economy, a leading research centre has said.

The short-term benefits of returning what is considered a more enterprise-friendly party to power is fraught with difficulties in the medium term, however.

The result has quelled uncertainty in the aftermath of the election much sooner than was anticipated but will create significant uncertainty over the coming years which will bear down on business investment, according to the Centre for Economics and Business Research.