United Kingdom election: So what is a hung parliament?

Shock UK exit poll suggests Britain's May fails to win majority

UK election: Theresa May could lose parliamentary majority, exit poll shows

May had called for Thursday's snap election just seven weeks ago, rather than waiting until the next scheduled national election in 2020.

On the one hand, a weakened Conservative prime minister might not have the power to resist calls from some within the party who want that clean break, even if that means losing privileged access to the European Union single market.

As a parliamentary system, the UK's government is formed by the party that holds the majority of seats in the parliament.

The Conservatives look set to continue with their skills agenda after Theresa May managed to secure a deal to form a new government after a disastrous election for her party.

"I am delighted to see Labour do so well", said Sanders, who campaigned for Corbyn in the days before the election. Following Brexit, we now have a hung parliament. "This is the first time since the [EU] referendum for us to have a much better relationship with Europe".

The Conservatives' losses were largely gains for the Labor opposition, which defied polls and predictions to gain 29 seats - a vindication for leader Jeremy Corbyn, whose grip on the party appears to have strengthened. Steven Fielding, a professor of politics at the University of Nottingham, called her "a zombie prime minister". Her Labour rival Jeremy Corbyn, once written off by his opponents as a no-hoper, said May should step down and he wanted to form a minority government. It is also not known if the other parties will be determined to obstruct her path, and come together to let Mr Corbyn - known to be on the left wing of Labour - lead a new government.

The British pound fell more than 2% to $1.2642 on Friday, as markets reacted to the political uncertainty of the election results.

But in one of the most sensational nights in British electoral history, a resurgent Labour Party denied her an outright win, throwing the country into political turmoil as no clear victor emerged.

It's unclear what Theresa May's next move will be, but pundits are suggesting she will likely strike a deal with the Democratic Unionist Party, who now hold 10 seats.

How many seats do you need for a majority?

'I would have thought that's enough to go, actually, and make way for a government that will be truly representative of all of the people of this country'. However, the people of Northern Ireland rejected Brexit with a 56 percent vote against leaving the European Union, creating added difficulty to any Brexit negotiations. She made no comment on her own position in the wake of a politically devastating result for her leadership.

But that gamble did not pay off, as concerns about social programs and security issues replaced Brexit as the main talking points in the United Kingdom. I'm very proud to lead this party.

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