May under pressure as election ends in hung parliament

Pound and UK equities set for bumpy day

Julian Marr
clock • 3 min read

The 2017 UK General Election has ended in a hung parliament after the Conservatives failed to secure the majority pollsters had predicted in the run-up to yesterday's vote.

With just a handful of constituencies still to declare a winner, the Conservatives were projected to win 318 seats, Labour 261 and the SNP 35. This would mean Labour had gained 29 seats while the Tories had lost 13 and the SNP had lost 22. UKIP lost its only seat. According to the BBC, the Conservatives were forecast to win 42% of the vote, Labour 40%, the Lib Dems 7%, UKIP 2% and the Greens 2%, signalling "a return two-party politics in many parts of the country, with Labour and the Conservatives both piling up votes in numbers not seen since the 1990s". Turnout so far is 68.7% - up two...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

The COVER Review: Regulatory updates, adviser reports and new product lines

The COVER Review: Regulatory updates, adviser reports and new product lines

Week commencing 23 February 2026

COVER
clock 27 February 2026 • 1 min read
FCA publishes regulatory priorities for insurance

FCA publishes regulatory priorities for insurance

86% of consumers have at least one general insurance or pure protection product

Cameron Roberts
clock 24 February 2026 • 2 min read
IPT receipts hit £7.7bn in January 2026

IPT receipts hit £7.7bn in January 2026

£872m collected last month

Jaskeet Briah
clock 20 February 2026 • 2 min read