Accounting
Accountants call for strong government |
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| Accounting | |
| Written by Gary Howes | |
| Friday, 07 May 2010 | |
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Fears that necessary decisions could be delayed until after new election.
The UK200Group of independent quality-assured accountancy firms and lawyer firms has expressed its hope that a stable government can be formed to deal with the financial problems facing the country, after last night’s General Election left no party with an overall majority. UK200Group president Colin Howe, a partner at Hillier Hopkins chartered accountants, expressed his fear that a prolonged delay in forming a government could mean the necessary difficult decisions were delayed – in the worst-case scenario until after a second election, which would be several months away at least. He added: “The hung parliament will divert the focus of political debate away from the economy toward voting reform at a time when we can least afford it. The current problems in Greece are affecting currency and stock markets while we have no effective leadership or government. “We cannot afford to wait for another election and it is imperative that those involved reach an agreement on who is to govern without significant delay.” Vice-president Jonathan Russell, a partner at ReesRussell, added: “It was an interesting result, with a lot of tactical voting going on and I think whichever way you look at the results, it is difficult to see who can put together any sort of coalition or alliance that would have a majority. “Unfortunately, we’re in an economic situation that requires decisive action and we’ve seen from the reaction of the bond markets and currency traders today that the markets do not like uncer
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