Businesses have been advised not to buy into the hype that a hung parliament will be bad for business.

People who have set up their own recruitment agency should not be concerned about the prospect of a hung parliament, according to Investment Business News.

A recent poll by the British Chambers of Commerce, found that a lack of a clear mandate to govern was one of the biggest fears for businesses that believe this could hamper their operations.

However, Investment Business News editor Michael Baxter claimed that the purported "concern" is a result of exaggerations by the media that a hung parliament is going to be a huge catastrophe for the UK.

"If you look at how the markets performed since Nick Clegg has been performing well in the opinion polls, you'll see that the markets aren't buying into this idea either," he explained.

"There has been no significant fall in the pound since the debate, the week before last, when Nick Clegg did so well," he continued, adding there is no major difference in the way the parties plan to reduce the budget deficit.