Britain gears up for today’s most interesting and unpredictable general elections. Preparation is on and within few days, it will be decided who will rule the world’s fifth-largest economy after a tight competition. City council workers are busy assembling ballot boxes.
After going for months, the final round of campaigns ended yesterday, with the candidates having left no stone unturned to woo voters with big promises and even bigger hopes for Britain. Polls predict no party will get majority votes.
The contest will be tight, mainly between two parties: Prime Minister David Cameron’s Conservatives and Ed Miliband’s opposition, the Labour Party. Upon analyzing various angles, it is concluded that no party will get the majority in the 650-seat parliament.
“This race is going to be the closest we have ever seen,” Miliband addressed his supporters in Pendle, northern England. “It is going to go down to the wire.”
Prime Minister David Cameron said only his party could deliver a strong government and “all other options will end in chaos.”
The Conservative Party promises tax reduction, job opportunities, economic recovery and price cuts on domestic products, while the Labour Party emphasizes cutting deficits every year, raising the income tax for 1 percent of earning groups and stressing on more funding for national health service.
“With polling day around the corner, the polls suggest that Labour and the Conservatives have reached stalemate,” said Michelle Harrison, from the research agency TNS.
“We are witnessing a Britain in political flux and after a lacklustre election campaign, the real drama starts on Friday.”
David Cameron’s chance to strike back is very minimal, and according to polls, with no party having the chance of getting absolute majority, Britain is most likely going for a coalition government. Small parties will play an important role in the formation of such.
Before the final polling day, British stock and bond prices were moderately higher. With election fever around, investors were not registered to sell.
“What is important to us is clarity as soon as possible,” said Andrew Witty, chief executive of GlaxoSmithKline, which is Britain’s sixth largest company in terms of market value.