May had unexpectedly called the snap election seven weeks ago, confident of sharply increasing the slim majority. Instead, she risked an ignominious exit after just 11 months. UK has recently witnessed two terror attacks - London and Manchestor. Prime Minister Theresa May's popularity recently witnessed a dip in recent weeks after the two terror attacks.
British parliament has a total of 650 seats, with 3,300 candidates in the fray. A remarkable number of 56 Indian-origin candidates are also contesting in the UK Elections 2017.
UK Election Results 2017 live updates:
Thank you x 292,316. Honoured and humbled. We will Stand Strong for Northern Ireland. pic.twitter.com/UVke717JV1
- Arlene Foster (@DUPleader) June 9, 2017
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
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.
Delighted that London led the way in a positive night for Labour. #GE2017 https://t.co/EMYcp8Obat
- Sadiq Khan (@SadiqKhan) June 9, 2017
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.
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.
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.
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.
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.
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
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.
"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."
BREAKING: Tanmanjeet Singh Dhesi @TanDhesi becomes the FIRST Turbaned Sikh MP in the UK Parliament winning from Slough! @UKLabour #Sikhs pic.twitter.com/Z7H4ZJonGc
- Harjinder S Kukreja (@SinghLions) June 9, 2017
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.
"The country needs a period of stability," Theresa May has said, after securing the Conservative seat in Maidenhead, reports Sky News.
Brilliant result in Battersea. Well done to @Marshadecordova - our new London Labour MP for Battersea. #GE2017 #LabourGain pic.twitter.com/Sz7WLw44bx
- Sadiq Khan (@SadiqKhan) June 9, 2017
May "has lost Conservative seats, lost votes, lost support and lost confidence. I would have thought that's enough to go," Corbyn said after being re-elected in his Islington North constituency in central London.
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."
"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.
The pound dived over two US cents in a matter of seconds, though most stocks and bond markets were relatively unscathed awaiting further results.
Huge congratulations to my friend @DrRosena and her hard-working team. Incredible result here in Tooting. #GE2017 pic.twitter.com/EreiNppEQn
- Sadiq Khan (@SadiqKhan) June 9, 2017
As early results show Labour with 25 seats, Corbyn says his campaign 'changed politics'
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.
Hardly dare hope this is right. To be clear, Greens will *never* support a Tory government #HopeoverHate https://t.co/A980ND0fww
- Caroline Lucas (@CarolineLucas) June 8, 2017
Former Liberal Democrat leader Nick Clegg says can't see circumstances in which party would support Conservative administration, reports news agency Reuters.
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.
- 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.
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.