Deficits, Defence and Dissolution

The UK general election’s post-election political and policy implications

The general election being held in the United Kingdom on May 7, 2015 looks set to be not only the tightest in a generation but also the most consequential -- for Britain and the wider world.

The Parliament that it will elect may last its full mandated five years or, possibly, a much shorter term if the forecast coalition or minority government proves incapable of sustaining itself.

Either way, it could put in train the UK’s:

  • Abandonment of nuclear deterrence;
  • Exit from the European Union; and
  • Break-up into two or more of its constituent countries.

Any of those events would change fundamentally London’s relationship not just with Brussels and Edinburgh, but also with Washington and Beijing. The UK’s role in both the European and global polity would potentially be substantially diminished.

There is also the major question of how the next administration will tackle the debt and twin deficits that continue to stalk the UK economy, despite its strong performance relative to its European counterparts.

Join our Client Conference Call on April 30 at 14:00 BST to work through the calculus of the potential election results.

We will evaluate:

  • The stability of the many various governing coalitions that could emerge and their policy implications;
  • The risks to Britain’s European and global standing;
  • The potential consequences for the British economy and London's position as a global financial centre, and the impact of the election-campaign inequality debate on likely post-election tax policy; and
  • The potential ‘king-makers’, the rise of non-mainstream parties and whether Britain is making a permanent transition to coalition government.

Plus the issues you wish to raise.