June 9, 2017 / 6:43 AM / a year ago

UK business lobby group says needs functioning government to protect economy

LONDON (Reuters) - British politicians must get their act together and form a functioning government to protect the economy, business lobby group the CBI said on Friday after Prime Minister Theresa May’s Conservatives failed to win a majority in parliament.

Britain's Prime Minister Theresa May waits to speak after retaining her seat at the count centre for the general election in Maidenhead, June 9, 2017. REUTERS/Toby Melville

With 645 out of 650 seats declared following Thursday’s vote, the Conservatives had won 314 seats and were therefore no longer able to reach the 326-mark they would need to command a parliamentary majority. Labour had won 261 seats

“This is a serious moment for the UK economy. The priority must be for politicians to get their house in order and form a functioning government, reassure the markets and protect our resilient economy,” CBI Director-General Carolyn Fairbairn said in a statement.

“For the next government, the need and opportunity to deliver an open, competitive and fair post-Brexit economy that works for everyone across all our nations and regions has never been more important.”

Reporting by Costas Pitas and Kylie MacLellan; Editing by Georgina Prodhan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below