Wednesday, May 12, 2010
Well What Do You Lot Reckon ?
The pound rallied this morning and investors rushed to buy UK government debt as the City cheered the new Conservative and Liberal Democrat coalition government headed by David Cameron. There are hopes that the government, formed after a five-day tug-of-war, will take quick action to cut Britain's record budget deficit. The Conservatives' George Osborne is the new chancellor, succeeding Alistair Darling.