Will a coalition government mean mortgage rate rises?
Informed Choice chartered financial planner Martin Bamford was quoted in the Independent today, in article examining the personal finance implications of a hung parliament.
Martin Bamford, of the financial planners Informed Choice, points out that a hung parliament itself is unlikely to have a major impact on personal finances.
“It will be the actions taken by a coalition government, assuming one can be formed, that will be make or break,” he says. “As long as whoever is in power takes decisive steps to reduce the national debt, the bond markets should respond positively. If there is a delay to these important decisions, or minority parties hold the government to ransom to further their own agenda, this could be disastrous for the markets, exchange rate and personal investors.”
You can read the article in full here.