Action and reaction following Conservative election win

Moody's has been one of a few ratings agencies to give the green light to the UK after the elections

The result won't affect the ratings but the plan to hold a referendum on Europe could have further consequences for the economy. They say there could be potential repercussions for the sov rating if the UK is unable to broadly replicate the benefits of EU membership

The EU referendum will be bubbling under the surface and is due to happen before 2017. That's going to be one of Cameron's main battles as to setting a date and the details

Meanwhile as he gets his feet back under the table at No.10, one of his first tasks has been to announce that George Osborne will remains as Chancellor

Ding ding, round 2 and this time he's serious