fb

The UK election, a hung parliament, sterling and your exams…

The UK election, a hung parliament, sterling and your exams…

All the news in the UK today was full of the election.

As the votes were counted this morning it soon became clear that Britain would have its first hung parliament since 1974.

A hung parliament is where there isn’t a single political party with enough votes to form a majority government.

In terms of a topical “political” within PESTEL analysis then it doesn’t get much more topical than this!

The markets didn’t react favourably to the news with sterling taking big losses against both the dollar and the euro. It was felt that a hung parliament would cause delays in tackling the UK’s economic problems.

The general feeling in the press seems to be that continued political uncertainty could result in further falls in sterling as well as potential downgrading of the UK’s credit rating.

If PESTEL comes up in the exam then don’t forget the topical “P”!

Share this entry

Recent articles

View All Articles
Top 10 unusual KPIs: strange ways businesses measure success
Mar 04, 2025
Title
Top 10 unusual KPIs: strange ways businesses measure success
Excerpt

Key Performance Indicators (KPIs) are essential for businesses to measure performance and track progress. While traditional KPIs focus […]

Bull vs. Bear Markets: what do they mean?
Feb 28, 2025
Title
Bull vs. Bear Markets: what do they mean?
Excerpt

If you keep up with the financial press, you’ll come across terms like “bear market,” “bull market,” and […]

Put your best foot forward (or somebody else’s)…
Feb 26, 2025
Title
Put your best foot forward (or somebody else’s)…
Excerpt

Shoes, business, and intellectual property came together recently when German footwear brand Birkenstock lost a legal battle to […]

Things are heating up…
Feb 22, 2025
Title
Things are heating up…
Excerpt

Data centres are the backbone of our digital world, providing the necessary infrastructure for storage, processing, and management […]

No hold ups…
Feb 19, 2025
Title
No hold ups…
Excerpt

As the world becomes increasingly digital, cashless societies are emerging as a major trend, transforming not only how […]

You are (probably) a liar…
Feb 17, 2025
Title
You are (probably) a liar…
Excerpt

Here’s a nice ethical question for you – have you lied recently? My guess is that you have. […]

Obesity & Business – changes on the way?
Feb 14, 2025
Title
Obesity & Business – changes on the way?
Excerpt

The private health insurer Vitality has announced that it will offer weight-loss medications Wegovy and Mounjaro to its […]

Uber’s growing but why did its share price fall?
Feb 05, 2025
Title
Uber’s growing but why did its share price fall?
Excerpt

Uber Technologies Inc. has firmly established itself as a global leader in mobility services. Despite facing regulatory challenges […]