British Election Results Expected Friday

Betting agencies were already taking wagers on whether May would lose her job. Her Labour rival Jeremy Corbyn, once written off by his opponents as a no-hoper, said she should step down.

British media reported later Friday that May had no intention of resigning.

Even if May retains a majority, her position will be severely weakened, Evans said.

With 647 of 650 seats declared, the Conservatives had won 316 seats.

Mr Farron held on to his Westmorland and Lonsdale seat in Cumbria on a much-reduced majority, down from 8,949 in 2015 to just 777 now.

New election: A new general election could be called as early as August if parties fail to form a government.

The shock result and the prospect that the European Union will now be negotiating with a shaky British government cast dark clouds over the Brexit negotiations just 10 days before they are due to start.

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An exit poll predicted the Conservatives would win 314 seats in the 650-member parliament and the opposition Labour Party 266, meaning no clear victor and a "hung parliament".

Earlier in the night, Corbyn said his campaign had upended the country's political landscape.

It hardly sounds like a vote of confidence.

"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". "Clearly if she's got a worse result than two years ago and is nearly unable to form a government then she I doubt will survive in the long term as Conservative Party leader". "She's a zombie prime minister".

Thornberry said that the Labour Party could present a government program and a state budget, and asked for support from other parties. As the first results came in, it appeared that anti-EU party UKIP had lost a large chunk of its vote share, which had split evenly between the Conservatives and Labour.

Labour is predicted to win 266, the SNP 34 and the Lib Dems 14.

He told BBC News: "We've had our fingers burned by coalition, I don't need to tell you that, so I find it very hard to see how Tim Farron would go back on what he has already said and indeed to persuade the membership of the Lib Dems that a coalition was a good idea from our point of view".

British pound dives on fears of United Kingdom election results
Labour Leader Jeremy Corbyn told supporters on election night Ms May had lost her mandate. Senior Conservatives were quick to say exit polls had been wrong in the past.

Anna Soubry urged Mrs May to consider her position as Prime Minister while Scottish Tory leader Ruth Davidson refused to back the former Home Secretary.

In Halifax in northern England, voter Alicia Milner, 20, said: "A lot of my family aren't voting, which I'm shocked at, just because they're tired of, exhausted by government".

May, who surprised the country in April by calling the snap election, was re-elected from Maidenhead.

"If the poll is anything like accurate, this is completely catastrophic for the Conservatives and for Theresa May", said Osborne.

The markets reacted to the uncertainty with the pound sterling dropping against the dollar as the outcome of the results threw up the prospect of a hung Parliament.

May had spent the campaign denouncing Corbyn as the weak leader of a spendthrift party that would crash Britain's economy and flounder in Brexit talks, while she would provide "strong and stable leadership" to clinch a good deal for Britain.

But her campaign unravelled after a policy u-turn on care for the elderly, while Corbyn's old-school socialist platform and more impassioned campaigning style won wider support than anyone had foreseen.

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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. It had been classified as a Brexit election and the result is being seen as giving hope to the 48 per cent who had voted to remain in the European Union in the June 2016 referendum and a rejection of May's so-called "hard Brexit" stance.

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