Prime Minister Theresa May vows to stay after Conservatives lose majority

The British pound fell dramatically Friday morning after election results showed that the Conservative Party had lost the majority in Parliament.

Jeremy Corbyn said: "The prime minister called this election because she wanted a mandate".

May's party won 318 seats, 12 fewer than it had before the snap election, and eight short of the 326 needed for an outright majority. The exit polls projected no seats for UKIP, the nationalist party that led the successful campaign for Britain to leave the European Union.

Labour Party leader Jeremy Corbyn has already asked for May's resignation. "I'm not sure that we should read, from the results of this vote, that Britons' sovereign decision on Brexit has been cast into doubt in any way".

Jack Straw, a former Labour foreign minister, said the result means there will now be a lot of pressure in parliament for a soft Brexit. "Our Labour MPs would vote for it and we would call on the other parties to vote for it as well".

In the new government, May plans to ally with the small Democratic Unionist Party in Northern Ireland, the BBC reports.

'There's a possibility of voting the Queen's Speech down and we're going to push that all the way'.

May, who is the second female Prime Minister for the United Kingdom after Margaret Thatcher, didn't win elections in 2016.

The increase mostly benefited Labour, which won the majority of seats where turn out was up by more than five per cent.

He had annoyed many Conservatives who want a clean break with the European Union by stressing the need for a Brexit deal that allows companies to keep on hiring the migrant workers they need, and took the blame for a policy U-turn in March when he quickly dropped a plan to raise social security tax for self-employed workers.

With seven more Tory constituencies falling to him, a coalition of Labour, Liberal Democrats, Scottish National Party (SNP), Plaid Cymru, the Green Party and one independent MP in the House of Commons would have held 322 seats - enough for Mr Corbyn to enter number 10.

Talks are due to get underway on June 19th and the President of the European Commission Jean-Claude Juncker says there must be no delay. Polls were showing a big lead for her Conservative Party and she looked set for a comfortable victory.

Steven Fielding, a professor of politics at the University of Nottingham, called her "a zombie prime minister".

"At this time, more than anything else, this country needs a period of stability", a grim-faced May said after winning her own parliamentary seat of Maidenhead in southeast England.

Then, attacks in Manchester and London that killed a total of 30 people brought the campaign to a halt - twice, sent a wave of anxiety through Britain and forced May to defend the government's record on fighting terrorism.

  • Zachary Reyes