Mott warns hung parliament 'worst case' scenario

The manager of the £545m Income fund believes anything but an outright victory for the Tory party will receive a negative market reaction. "A ‘hung' Parliament would be the worst outcome for investors. Sterling would come under pressure and gilt yields would rise and although sterling-sensitive companies may perform relatively well, the overall reaction would be negative," he says. "If Labour were to achieve an overall majority (which seems unlikely), international investors would not react well, but would probably give the Government enough time to demonstrate that they will eventual...