Teachers Building Society hopes that a robust
agreement between the political parties is reached following a historic
night in British politics.
The uncertainty generated by a hung parliament is
unsettling for the property and financial markets and the Wimborne-based
mutual is eager to see a definitive outcome so that the economic
recovery can continue.
Chief executive, James Bawa says, “What we need is
stability and decisive action. Elements of all three of the main
parties’ manifestos were encouraging to us, particularly the support for
mutuality, and the contribution building societies make to a strong,
vibrant financial services sector. Our economy needs a resolution to
this election soon as anything else could be destabilising.”
While the political landscape remains uncertain for
the time being, savers & borrowers will be hoping that, whatever the
composition of the new government, parties will live up to their