Diminished May forms minority govt after poll throws up hung parliament

But it is the vote in favour of Brexit previous year which has done that.

Left-wing politician and 2016 Democratic presidential primary contender Bernie Sanders is praising the large gains Britain’s Labour Party made in the United Kingdom elections under the leadership of socialist Jeremy Corbyn.

The British pound fell more than 2% to $1.2642 on Friday, as markets reacted to the political uncertainty of the election results. Corbyn’s Labour Party now has 261 seats.

Only a handful had gathered when polls closed at 5 p.m. ET.

Read: U.K. Election Delivers a Hung Parliament.

As the workday came to a close, the small crowd grew to more than 100. Questions were soon raised about the longevity of the minority government, the possibility of another election in the near future, the approach to Brexit talks that will inevitably be influenced by the election results, and the role the resurgent Labour will play in future.

Former Prime Minister David Cameron called for a referendum on Britain’s membership in the European Union in March 2015, confident that the “remain” vote would carry the day. But attacks that killed 30 people in Manchester and London twice brought the campaign to a halt, sent a wave of anxiety through Britain and forced May to defend the government’s record on fighting terrorism. “Corbyn and Sanders have a lot in common”, he added.

The ratings agency pointed out that this election will have implications for Brexit and potentially fiscal policy.

May secured a return to Number 10 despite a dire election night which saw her party’s presence in Westminster drop from 331 seats to 318, with the number of Labour MPs increasing by 32 seats to 262.

Because the DUP are a party that only stand for election in Northern Ireland, you may not have heard of them unless you live there. The prime minister said she meant to form a government with the Democratic Unionists to form a government that would “provide certainty” and “lead Britain forward at this critical time for our country”, according to the BBC.

He voted in Thursday’s election by proxy – his mother casting his ballot back home.

They wanted the campaign to focus on Ms May and a clear message that only she could be trusted. There’s a possibility of voting it down it and we’re going to push that all the way. The Conservatives will be blamed for the result. “Corbyn showed himself to be a likable character in this campaign”, he said.

German Socialist party chief Martin Schulz, who used to serve as President of the European Parliament, tweeted a healthy dose of Schadenfreude on Friday: “Whoever makes politics a game, loses”.

Labour voters were more likely to be concerned about the NHS and spending cuts – only eight per cent said Brexit was the most important factor in their vote. “And I don’t feel like the current prime minister or, indeed, the Tory party, has any idea about what to do with Brexit at the moment”.