Corbyn defies critics with vote share boost

With most of the vote accounted for, analysts predict that with 318 seats, May's Conservatives will fall about eight seats short of the 326 needed for an outright majority in the U.K.'s 650-seat House of Commons. Having once held a 15,000 majority, he lost out to Labour's Jared O Mara by more than 2000 votes.

"I will now form a government", May said in front of No. 10 Downing St. moments after speaking with Queen Elizabeth II, "a government that can provide certainty and lead Britain forward at this critical time for our country".

The senior Conservative source blamed the party's over-dependency on the tight messaging demanded by election guru Lynton Crosby for failing to endear May to voters tired of elections and rattled by two militant attacks in as many weeks.

After winning his own seat in north London, Corbyn said May's attempt to win a bigger mandate had backfired.

Former Tory chancellor George Osborne, who lost his job a year ago in the wake of the Brexit vote, thinks Britain could be about to gets its third prime minister in 12 months. But EU Council President Donald Tusk said: "We know when they must end". I don't want to be derogatory but I think she's a lame duck prime minister, I can't see her surviving.

In April, British Prime Minister Theresa May made a decision to call a snap election, even though she had promised not to.

On Wednesday we reported that the digital business policies of Britain's two biggest political parties, Labour and the Conservatives, were similar verging on inseparable.

When Theresa May called the election, she calculated that the result would strengthen her in parliament and demonstrate public support for her approach to Brexit - which is to prioritise border control and withdrawal from the European Court of Justice at the expense of free movement and access to the single market.

The result could be bad news for the Scottish National Party, which was predicted to lose 20 of its 54 seats.

The SNP's leader in the British parliament, Angus Robertson, was among those who lost their seats. As former leader of the Liberal Democrats and former deputy Prime Minister, Nick Clegg's loss in the constituency of Sheffield Hallam was a shock result, seeing Labour come out triumphant. Under Tony Blair's New Labour, he was among the most rebellious party MPs, voting against his party whip more than 500 times.

That would make the course of Brexit even harder to predict. During his three decades on Labour's leftist fringe, Corbyn consistently opposed European integration and denounced the EU as a corporate, capitalist body. While the Theresa May appeared favourite for pollsters across the country, the Labour Party is relying on the charisma of Jeremy Corbyn who proved instrumental in filling the gap of votes between the parties.

Labour has said it will not seek a coalition, instead seeking to govern as a minority government if possible.

Business and investors want clarity about the terms of Brexit as soon as possible, because they need to know what kind of access United Kingdom companies will have to Europe's vast free trading area in future. Though the electorate appears to still favor some form of Brexit, the results of Thursday's vote ultimately undermine May as she prepares to take on hardened European Union negotiators in Brussels.

Czech Foreign Minister Lubomir Zaoralek, from the same party, tweeted: "The results confirm the ruling party has lost its backing, as opinion polls had suggested". Still, with such good electoral prospects for the Conservatives, what could possibly go wrong?

The EU had wanted exit talks to begin on June 19, but they could now be delayed if the inconclusive election leads to political turmoil.

"They are fundamentally anti-establishment in their attitudes and the vicar's daughter (May) is very pro-establishment".

"I don't think that's in the hearts and minds of Londoners at the minute, (not) almost as much as security is", said Sheard, 22.