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Hung parliament sinks business confidence, IoD finds

Hung parliament sinks business confidence, IoD finds

Business
The uncertainty caused by the general election has led business confidence to sink "through the floor", according to a lobby group.A snap poll of 700 members of the Institute of Directors found a "dramatic drop" in confidence following the hung parliament.Members saw no clear way to resolve the political impasse quickly, the IoD said.However, it found there was "no desire" for another election this year.Going to the polls again before Christmas would have a negative impact on the UK economy, which was already facing global headwinds, the IoD said.The loss of the Conservatives' majority in the Commons has led Theresa May to seek the support of MPs from Northern Ireland's Democratic Unionist Party to govern.The resulting political uncertainty could have disastrous consequences for the UK eco...