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Britain's economy entered a period of heightened uncertainty Friday after no political party secured a majority in the general election. The result – the Conservatives emerged as the largest party but with no clear majority – sparked concerns among investors about political uncertainty, but those were offset by the possibility of a "soft" Brexit in which the UK would maintain closer ties with the EU.In the middle of the night the election result was close enough for the Treasury to invoke emergency monitoring of financial markets.However, some economists have warned that the strong growth in the UK economy in the second half of last year, after the EU referendum, was dependent on strong business confidence and households borrowing more and saving less.Economists said the inconclusive result was likely to be profound for the UK's negotiations to leave the EU.
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