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Lab/Lib pact will hurt credit rating, bankers warn

By politics.co.uk staff A coalition between Liberal Democrats and the Labour party could lead to a downgrading of Britain’s credit rating, City analysts have warned. Experts at BNP Paribas have said: “Lab/Lib government is the least liked option by markets and would almost guarantee a downgrade of the UK sovereign [debt].” At the moment Britain… Read more »

Unions and Thatcherites pile on coalition pressure

By Ian Dunt Labour and the Conservatives both came under pressure over talks with the Liberal Democrats today. The Unite union, Labour’s most important financial backer, wrote to the 100-strong Unite parliamentary group of MPs urging them to back a coalition today. “As you know Labour are now in formal talks with the Liberal Democrats… Read more »