Theresa May’s Conservative party has failed to win a majority in a snap election she called, leaving the UK with a hung parliament and no clear route to a government. When an exit poll correctly signalled the result as polls closed, the pound fell on international markets. But what does a hung parliament or a minority government actually mean for the UK?
Before we look at the arithmetic, the first thing to say, perhaps, is that despite the fear of instability in the coming days and weeks, the hung parliament represents the divided nature of