THE TELEGRAPH: The International Monetary Fund may have to step in if the general election results in a hung parliament, the Conservatives have warned.
George Osborne, the shadow chancellor, and Ken Clarke, the shadow business secretary, predicted that the bond markets would collapse while the parties “haggled” over possible coalitions, leading to the intervention of the IMF.
Mr Clarke warned that the public had failed to appreciate the seriousness of the election given the troubled state of the economy, and the full consequences of an indecisive result and a hung parliament.
He said: "Bond markets won't wait. Sterling will wobble. We have seen even minor flickers in the opinion polls causing problems with interest rates in the recent past.
"If the British don't decide to put in a government with a working majority, and the markets think that we can't tackle our debt and deficit problems, then the IMF will have to do it for us." General election 2010: Tories warn of risks of hung parliament >>> Rosa Prince, Political Correspondent | Wednesday, April 21, 2010
