UK Election Result 2017 Live: PM Theresa May Moves To Form Government

British Prime Minister Theresa May will seek to form new government, says spokesperson: news agency Agence France-Presse

BREAKING: British news media say Prime Minister Theresa May will not resign after election setback, reports Associated Press

Seems like Larry the cat had predicted the results much in advance

As it stands there's a fair chance the Queen might have to ask me to form a Government...#GE2017

- Larry the Cat (@Number10cat) June 9, 2017

UK vote result a surprise but does not call Brexit into question: French PM Francois Hollande

EU's Economy Commissioner reacts to UK Election

Theresa May "lost her bet", Pierre Moscovici said.

"Mrs May, who was supposed to emerge strengthened, lost her bet and is therefore in a less than clear situation because the truth is that we don't really know what the governing situation is this morning," Moscovici told the French Europe 1 radio channel.

The Mayor of London congratulates Labour Party for brilliant results:

Delighted that London led the way in a positive night for Labour. #GE2017https://t.co/EMYcp8Obat

- Sadiq Khan (@SadiqKhan) June 9, 2017

Meanwhile, outside 10 Downing Street:

PM Theresa May Under Pressure To Resign

After her party failed to gain majority of 326 seats in the parliament, Britain Prime Minister Theresa May is under great pressure to resign.

The party members blamed what one called a "just awful" campaign, training their ire on an election team that highlighted the 60-year-old's flaws by sticking doggedly to an agreed script instead of masking her weaknesses.

Wary Brussels faces Brexit conundrum after UK vote shock

Britain's European Union partners do not know what to make of an inconclusive election result that throws the future of Prime Minister Theresa May in doubt and may delay if not more seriously derail talks on Brexit.

BREAKING NEWS: UK election end in hung parliament as Theresa May's Conservatives Party fail to win majority.

If Hung Parliament, What Next For Brexit?

For the election to produce a majority government, the biggest party theoretically must win at least 326 seats of the 650 United Kingdom constituencies.

If Theresa May fails to form majority government, as the exit polls shows, the shock result could delay Brexit talks.

Results declared for over 600 seats in Britain's House of Commons. Conservative ahead of Labour by at least 44 seats.

Prspects Improve For Labour Jeremy Corbyn, Could he be the next British PM?

With the smaller parties more closely aligned with Labour than with the Conservatives, the prospect of Corbyn becoming prime minister no longer seems fanciful.

History shows that sterling tends to weaken on big moves towards Labour in the polls and analysts and London-based traders say they would be braced for an immediate dive in the pound if Corbyn won.

Longer term, however, analysts from a number of banks highlight the potential for both more borrowing to fund economic stimulus and the increased likelihood that Corbyn will negotiate a closer trading relationship with the EU than May would have done.

Theresa May's ignominious exit?

If Theresa May does not get elected as the Prime Minister this time, it would be the shortest tenure of any British prime minister for almost a century. She held the position for only 11 months.

'This election has been disastrous for Theresa May,' says SNP leader Nicola Sturgeon

Scottish National Party leader Nicola Sturgeon said the results of the election were disappointing for her party but were disastrous for Prime Minister Theresa May.

"Clearly it's a disappointing result, we've lost some tremendous MPs," Nicola Sturgeon said.

"This is a disaster for Theresa May, she called an election clearly very arrogantly thinking that she was going to crush the opposition, sweep everybody aside and cruise to a landslide majority, her position is very, very difficult."

"There is clearly uncertainty around Brexit and independence which clearly will be factor in tonight's results - you know a lot of thinking for the SNP to do," she said

Conservative now ahead of Labour by 20 seats.

Updated BBC forecast still show Conservatives as the largest party

An updated BBC forecast predicted May's Conservatives would win 318 of the 650 House of Commons seats, eight short of a majority, while the left-wing opposition Labour Party would take 267 -- producing a "hung parliament" and potential deadlock.

Sky News also predicted May would lose her majority, scoring somewhere between 315 and 325 seats.

Grim-faced Theresa May promises stability in transfer if Labour wins

"If ... the Conservative Party has won the most seats and probably the most votes then it will be incumbent on us to ensure that we have that period of stability and that is exactly what we will do."

Preet Kaur Gill becomes the first Sikh woman get elected as a Member of Parliament from Birmingham
 

Indian-American Keith Vaz from Labour wins from Leicester East with a decent margin of over 20,000 votes.

Lib Dem Tim Farron won from Westmorland

Tim Farron who was touted as the Liberal Democrats' PM Candidate secured seat from Westmorland. He had a close contest from James Airey from Conservative Party.

Theresa May secures Conservative seat in Maidenhead
"The country needs a period of stability," Theresa May has said, after securing the Conservative seat in Maidenhead, reports Sky News.

Jeremy Corbyn secured Islington North with over 40, 000 votes. Second in this seat was a Lib Dem candidate with a little over 10 per cent of Corbyn's votes, reports BBC.

Results out in more than half seats in the UK elections. Labour and Conservative faring very close to each other. Labour ahead at 151, with tories following at 134.

British Foreign Minister under Theresa May government, Boris Johnson wins from Uxbridge, getting another seat for Tories.



 

And...Nigel Farage pops in with his comment

Famous Brexit supporter Nigel Farage tweeted his views in support of Labour's Jeremy Corbyn. He said: "Corbyn's personality much stronger and more sincere than May. He's picking up Remain voters in London and UKIP voters elsewhere."

Angus Robertson from leading Scottish nationalist Nicola Sturgeon's party loses seat in UK election. Robertson who led the SNP in the British parliament, lost to Conservative Douglas Ross in the constituency of Moray in northeast Scotland.

As more number of Conservatives hold seats, the gap between them and Labour reduces. Right now, it is 14 seats.

UK newspapers headlines play on election drama

"Britain on a knife edge," headlined the pro-May Daily Mail, while the conservative Sun tabloid described the situation as "Mayhem," saying there was fear of a "coalition of chaos" led by the opposition Labour party.

"May's big gamble fails," said The Times, an angle also favoured by the business daily The Financial Times, while the pro-Labour Daily Mirror said May's job was "hanging by a thread" after her election bet seemed to have failed.

Conservative candidate, Iraq-born Nadhim Zahavi wins in Stratford Avon.

Sterling Stunned By UK Election Shock

The pound dived over two US cents in a matter of seconds, though most stocks and bond markets were relatively unscathed awaiting further results.

First words from Labour's Jermy Corbyn
As early results show Labour with 25 seats, Corbyn says his campaign 'changed politics'

Results in 36 seats declared, out of which 22 went to Labour and a mere ten went to Conservatives. Young men and women in Britain, seen to be supporting Labour, expressed happiness with the results declared so far.

Conservatives hold South Basildon and East Thurrock with Stephen Metcalphe.

Labour also holds Leigh, Wigan.

First change of the night. Labour gained a seat from Scottish National Party in Rutherglen. Ged Killen won here with a narrow margin of  265 votes. Scottish National Party's Margaret Ferrier stood second here. Last time, the party had won with a margin of over 10,000 votes.

Labour hold Llaneli and Wrexham with Nia Griffith and Ian Lucas emerging as winner taking their tally to 12.

Darlington results announced. Labour holds seat here with Jenny Chapman.

Results for 13 seats of 650 seats in House of Commons have been declared. Eight of these went to Labour, while Conservatives secured five.

Labour candidate Sue Hayman wins in Workington

Conservatives also hold in Basildon and Billericay.

Marcus Jones steer Conservatives to win in Nuneaton

Charles Walker from Conservatives wins Broxbourne.

Pound tumbles with news of hung parliament

Sterling weakened by nearly 2 cents to $1.27 after the poll suggested May's Conservative Party would not win enough seats in Parliament to take office alone, a result that would plunge domestic politics into turmoil and could delay Brexit talks.

Conservative hold in Kettering

Labour holds in Newcastle upon Tyne North with Catherine McKinnell 

Labour holds Newcastle East. Nick Brown wins from here.

Labour holds Sunderland Central seat taking their party's tally to 3. Julie Elliott is re-elected.

Former Lib Dem leader shoots down chances of coalition with Tories

Former Liberal Democrat leader Nick Clegg says can't see circumstances in which party would support Conservative administration, reports news agency Reuters.

The margin of error in these exit polls is 20 seats, which leaves room for several scenarios:

Hung Parliament: No Clear Winner

If neither main party wins a clear majority, markets will have to deal with considerable uncertainty over who will form the next government

Landslide victory for May

A big majority would allow her to make compromises with Brussels , in contrast to a hardline approach to date

May Wins With Enhanced Majority

The Conservatives' lead fell sharply after May announced plans to make elderly voters pay more towards their old-age care

May Wins But No Overall Gains: 12-Seat Majority Or Less

With less room for manoeuvre domestically, she will be able to reject compromises proposed by Brussels

Corbyn Victory

A clear win for Corbyn would force many investors to redraw their assumptions on both Brexit and the fiscal outlook.

What happens next if exit polls are right?

- If this does translate into a hung parliament when results come through, Theresa May as incumbent prime minister will have the first shot at trying to form a government -- either as a minority or in coalition with others.

- If May did manage to do this, she would then go to the House of Commons to see if her government could survive a motion of confidence, probably after the state opening of parliament on June 19.

- But if May could not form a government or did not survive the motion of confidence, she would be expected to hand in her resignation to Queen Elizabeth II.

- The monarch would then be likely to invite Jeremy Corbyn, leader of the main opposition Labour party, to try to form a government. That, again, could be a minority or coalition administration.

- If no government can command the confidence of the House of Commons, parliament can be dissolved and another election held.

Labour holds government in Houghton & Sunderland South. Bridget Philipson wins from here.

New Castle beat Sunderland to become the first place to declare results. Sunderland has been the first to declare results on earlier occasions.

First results in from New Castle, Labour holds power here.

Conservatives largest party, still a hung parliament

Exit polls predict the Conservatives are set to win 314 seats, followed by Labour on 266, the Liberal Democrats on 14 and the Scottish National Party on 34, the poll for the BBC, Sky and ITV showed.