After a lengthily and exhausting election race, the countdown has come to an end and Britons today head to election polls to determine the future of the Kingdome in what has been labeled as one of UK’s most crucial and sensitive elections in decades!
The zero hour has been hit at 7:00 AM in London where around 50,000 polling stations opened their doors which a cloud of uncertainty still blocking the horizon from all anticipators and voters. High doubt and jitters linger over who will likely hold the keys to the government and the change that this election will bring to the future of the United Kingdom.
The possibilities are wide and the chances of a tilting grew tight after the fierce race. The ruling Labour Party, could be threatened of losing its 13 year rein with Gordon Brown stepping down as Prime Minister as the Conservatives step up the keys of the chambers and David Cameron emerges victorious.
Britons are racing to shape a future and define a new legacy, a lot is at stake for Britons and their vote is taken on their expectations for a better UK they are voting on their social expectations, political agenda, and may be even their environmental expectations, yet most crucially they are defining the outlook for the UK economy which by all means was the most critical and influential ballot card in this elections.
Gordon Brown that trailed heavily behind Conservatives in the last months on the back of the recession and the UK agony that sent millions out of jobs, out of homes, and saw their government squander their money to bailout those responsible for the crisis. Nonetheless, he managed to rise back with the emerging economy out of recession in the last quarter of 2009 as some felt his promises starting to payoff.
Despite all that, still Brown’s joy has been disturbed extensively by the rising favors to the dominating star over the political race, which is none other than the Liberal Democrats Nick Clegg. He swept the polls and even overthrown the Labour from second in the race during the past month after the success in the fist televised debate that crowned him the winner over the other two rivals.
The Lib Dems have gained popularity in the General Elections not just as rivals yet as a new ray in UK’s political life which will extend in effect for years to come. Why Nick Clegg is an important aspect, well it extends beyond the young leader’s charisma to his ability to shape the new government!
According to the latest polls, David Cameron’s Conservatives remain in the lead with support ranging 35% to 37%; coming in second is Brown’s Labour with almost 28% to 29% support and third and close is Clegg’s Lib Dems with 26% to 28% of support.
Though polls weigh the ballots in favor of the Conservatives, the Tories are to be the ones with the highest seats of around 268 to 294 in the House of Commons, compared to the expected 248-274 MPs for Labour and 77-82 for Lib Dems. Nonetheless, the Tories are still short of the required 326 seats of the 650 to win majority and form the government!
This is where Clegg has the key to the race, his party may extend the winning and even shock us all, just will be short of the needed seats, and the more he extends the seats the more his alliance will be important as both parties Conservatives and Labour eye their choice, which many still expect to be tilting in favor of Brown!
A Hung Parliament is the expected and not the suggested by the polls, which is to be the first for UK since 1974! The markets have eased their worries over this prospect, or may be grew accustomed to it as there remains no other apparent solution.
The expectations are seen towards harmony in whatever parliament outcome it is to work extensively to cap the huge budget deficit in avoid another Greek tragedy. Still, the spending cuts planned by the conservative, the taxation by the Labour all aspects are going to be defined once the Parliament is in session and the economy that is left out of the equation momentarily in wait for the final vote will be shaped or redefined as the new session is in place!
for more details:-
http://www.fxstreet.com/fundamental/analysis-reports/top-fundamental-stories/2010-05-06.v02.html
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