Commenting on the electoral outcome as of 0930 BST, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said:

“Companies across the UK have expressed significant concerns about how a hung parliament could affect the decisive action needed to cut the deficit and improve the business environment. 

“The electorate has spoken – and opted for a hung parliament. But the business community has also spoken – and expects the parties to put political horse-trading to one side and put the UK economy at the heart of their thinking. Strong leadership and consensus are required to deal with the serious threats still facing the economy. 

“This week’s lesson from the eurozone is that we must avoid a crisis of confidence at all costs. British business wants to see a speedy resolution to political negotiations, the formation of a Government, and an agreed policy of putting the economy first.”