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

London

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 a third of the votes each, despite election manifestos and promised voter bribes. Sunday's YouGov survey places Labour on 36 per cent of the vote with the Tories on 33 per cent, but a second poll by Opinium gave the Conservatives a four-point lead.

The dilemma which businesses face is the possibility of a right centre coalition of Conservatives (Tories), Liberal Democrats and United Kingdom Independence Party (UKIP), that promises a referendum and possible exit from the European Union. The alternative, which betting shops and pollsters currently believe is more likely, could be a Labour and Liberal Democrat Coalition with an informal alliance with the Scottish …