Black's Property Blog

Wow, what a day for politics - what will be the impact on property?

In a nutshell - BIG uncertainty !



It is over 100 years since a national election has been won by a party other than the Conservatives and Labour.



This election proved to me that people doubt that



> Labour can manage the economy



> The Conservatives can read the mood of the country (although Cameron has held a European reform position for a while so has read the mood of folks better than most)



> The Liberal Democrats can keep promises  



and UKIP doesn't have bench strength.



The UK is still running a very large current account deficit - about £20bn over the quarter.



Its going to be a bumpy ride up to the election in May 2015.  That said Cameron could emerge as a strong leader and Britain may be seen as an increasingly attractive place to invest.