By-elections and referendum weigh heavily on British economy

London

POLITICAL turbulence has become a shadow over the British economy only some 200 days ahead of the May 2015 general election.

The pound and the UK stock market have slid almost 10 per cent since their summer peaks and declines accelerated because of two key political events. First, a stunning performance of the United Kingdom Independence Party (UKIP) in two by-elections implies a four-party race in coming months.