'Hung parliament’ is a phrase that terrifies the stock market. The thinking is that our economy needs strong and decisive leadership, and that a government formed without a single party's majority fails to provide this. A lack of economic direction is the result, accompanied by lower GDP growth. There are too many vested interests inside the Cabinet, and regional parties often have a veto on what can and cannot be done by the leadership. This is the basis of the thinking in favour of a majority government and against coalitions.