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UK Conservatives and Labour tied in neck-and-neck race

With just a third of the votes each and no clear lead, sterling is down 14 per cent against US dollar and stock market gets jittery

The Conservative party election bus (left) facing the Liberal Democrat bus before a day of campaigning in London last Wednesday. The IMF predicts that Britain will still be in deficit in 2018 if the Conservatives win.


WITH less than three weeks to go before the May 7 UK elections, there remains no clear leader and businesses and foreign investors are encountering a "Catch 22" situation.

The average of polls shows that the Conservative and Labour Parties are still struggling with just over