Thursday, May 7

Polling Day UK

These are important elections with the outcome, known tonight after 10PM, coming down to the wire. The Tories will likely hold the majority of the minority while Labour, the second largest minority, may form a government with the Scottish National Party meaning that Labour's expected higher taxes and wealth taxes, mainly levied on Londoners, will be delivered to Scotland, who recently voted to devolve from the UK.

Alternatively, the conservatives may maintain status quo should the Lib Dems rebound in the polls, as they seem to be recently, but to play kingpin the Lib Dems would have to join the nationalists UKIP, who they refuse to do.

At stake? Probably about £20-25 billion of public spending during the parliament with the Tories investing less while maintaining or reducing taxes; and Labour more, using debt and higher taxes to reach their objectives.

The next PM ?