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Monday 19th of July 2010
May 11, 2010    

Lib Dems end talks with Labour

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by Kay Murchie

According to sources this evening, the Conservative party is close to forming a coalition with the Liberal Democrats after talks between the latter and the Labour Government broke down at lunchtime today.

The news comes after Friday’s hung parliament result, which failed to give any political party a clear majority.

As a result, the political parties have been discussing a coalition but many experts have warned that a weak coalition would almost certainly see the delay of the critical debt reduction plans that a new Government needs to implement.

The ongoing uncertainty has made many people nervous and shares have fallen today as a result.

London’s FTSE 100 closed 53 points down today at 5334.

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