Britain is set to have a hung parliament with no party getting a clear majority after the snap general elections called by Prime Minister Theresa May. To reach a majority, a party has to secure 326 seats – while the Conservatives have secure 310 seats, the Labour party is behind at 258 seats. Conservatives continue to be the largest party in the UK. The snap elections were called by Prime Minister Theresa May.
The leader of the party that is able to form government will take control of Britain’s exit from the European Union – a two-year negotiation which will plot a new course for the $2.6 trillion economy. May called the snap election in a bid to strengthen her hand in Brexit negotiations, to win more time to deal with the impact of the divorce and to strengthen her grip on the Conservative Party.
The UK saw an election turnout of almost 69 per cent, the highest since 1997. Reports suggest that after this result, the UK government is likely to ask for more time for the process of exiting the European Union.
While May’s campaign has relied on “strong and stable leadership” and a hard exit from European Union, Corbyn has emphasised the party is for the many and not the few. Exit polls predicted a similar result, with the Conservative Party securing the maximum seats but a hung parliament with neither party securing majority. On prediction of May’s losses, Sterling saw its biggest daily fall since January before recovering some ground on Friday.
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11.36 am: The blame-game is underway within the Conservative Party, reports Guardian political editor Heather Stewart. Some are blaming David Davis, a Cabinet minister, who pushed hardest for the snap polls, the results of which have now proved difficult for the party.
“There are a lot of very, very pissed of people in the Cabinet — and with him in particular,” Stewart quotes sources.
11.30 am: As the incumbent, May and her team of ministers retain full legal powers and will continue heading the government, until a new one is sworn in. As of now, Conservatives are split in their decision of May’s political future. Jacob Rees-Mogg believes May will continue enjoying the support of the party. “She’s only been the leader for under a year, she got it without any opposition, an uncontested election with the support up and down the country,” he said.
Anna Soubry, pro-European lawmaker, says, “I’m afraid we ran a pretty dreadful campaign, that’s probably me being generous.”
11.20 am: Even though the Labour Party has won less seats than the Conservatives, a hung Parliament could work in its favour. Labour is politically closer to the smaller parties, like the Liberal Democrats or the pro-European SNP, on several issues. However, the Lib Dems have opted out of a coalition government — for now — while the latter has said it wants to stop another Conservative government.
11.15 am: With no party managing to cross the 326-mark, needed to form the government, the incumbent has the right to make the first attempt to form a coalition government, very similar to the practice in India. Now, as incumbent, Theresa May will have to gain the support of other party members — which may be tough considering her tough stance on Brexit — to stay in power. Remember, before the snap elections, May had said losing majority would destroy her authority… which it has.
11.10 am: The Guardian reports that Corbyn is expected to travel to Labour Party’s Southside headquarters to thank and congratulate party workers. He is currently at home.
11.08 am: The Scottish National Party has manages to hold onto the North East Fife seat in Scotland, beating the Liberal Democrats by just two votes. The candidate who won was Stephen Gethins, the party’s Europe spokesperson.
11.00 am: If you’re just joining us, Britain is heading for a hung Assembly, with neither the Conservatives of the Labour Party getting a clear majority — Conservatives have secured 310 seats, and Labour 258 in the 650-member House. Prime Minister Theresa May, who called the snap polls ahead of Britain’s negotiations to exit the European Union, has the right to make the first attempt at a coalition now.
10.19 am: The BBC confirms a hung parliament, with Conservative party remaining the largest party.
10.10 am: JP Morgan says likelihood of the UK needing to request a delay in the brexit process has risen substantially.
9.55 am: What are the possible scenarios after the result?
* May wins with enhanced majority – This would be when the Conservative party increases the number of seats it won in 2015.
* May wins but no overall gains: 12-seat majority or less – The number of seats won in 2015 remains the same.
* Hung parliament: no clear winner – The most real possibility right now, this is when no party emerges with a clear majority. Click here to read more.
9.48 am: The Liberal Democrats have won back Oxford West and Abingdon from the Conservatives – and with 11 MPs are into double figures, reports the Guardian.
9.43 am: Meanwhile…