Warning that IMF might have to rescue UK

Shadow business secretary Ken Clarke has warned that the International Monetary Fund might have to intervene if markets react badly to a hung parliament.

Clarke said the City would be greatly troubled by an indecisive election result.

"Bond markets won't wait," he said.

"Sterling will wobble. We have seen even minor flickers in the opinion polls causing problems with interest rates in the recent past.

"If the British don't decide to put in a government with a working majority, and the markets think that we can't tackle our debt and deficit problems, then the IMF will have to do it for us."

But is Clarke right or just scaremongering to secure more votes? Have your say using the comment section below

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