UK Election 2010

Capital gains tax (CGT) is set to rise on so called 'non-business' assets under the new coalition Government to help reduce income tax for low earners.

A Government auction of £2.25bn of gilts was two-and-a-half times oversubscribed despite uncertainty over the result of the election.

Gordon Brown yesterday announced his resignation as Prime Minister - but he will not be stepping down for at least five months. "Extraordinary" says the Times, "Sordid" says the Telegraph...

Gordon Brown is to step down as Prime Minister in September and will ask the party to "set in train" a leadership contest to replace him.

ELECTION 2010

So what do out of work MPs do now? Get a job in financial markets?

Incisive Media editorial services director David Worsfold and Professional Pensions editor Jonathan Stapleton discuss the election result and assess its impact for the financial markets.

The best outcome from today's hung parliament election result would be a pact or coalition between David Cameron's Conservatives and Nick Clegg's Liberal Democrats, IFAs say.

Bond managers fear for gilts and sterling in the coming days and weeks as the markets react poorly to the reality of a hung parliament.

Jon Maguire, cru Investment Management director, won just 307 votes for the English Democrats in his Wiltshire constituency last night, and cheekily declared "I nearly won it".