Jeremy Corbyn Says New UK Election May Be Held by Early 2018

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The issue didn't resonate on the campaign trail, and it didn't resonate at the ballot box either: The party got a slightly smaller percentage of the vote than last time.

The calculation comes as the Tories were reeling from the loss of their majority, which it had looked as though they would substantially increase when Theresa May called the election in April.

May had called the election in order to consolidate her mandate to negotiate Britain's exit from the Europe Union.

After the result was declared in her constituency of Maidenhead, May gave a faltering speech.

Ms May is expected to form a minority government with the help of the Democratic Unionist Party (of Northern Ireland), which is likely to offer informal support.

Britain's bestselling Sun newspaper said senior members of the party had vowed to get rid of May, but would wait at least six months because they were anxious that a leadership contest could propel Labour leader Jeremy Corbyn into power.

They'll be hoping to influence the government's plans for Northern Ireland, and to get a better deal for people there.

The pound hit an eight-week low against the dollar and its lowest levels in seven months versus the euro before recovering slightly after May said she would form a government backed by her "friends" in the DUP.

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The leader of the Liberal Democrats, Tim Farron, said May "should be ashamed" and should resign "if she has an ounce of self respect".

10, Downing Street - the home of the British Prime Minister - will continue to house Theresa May, for now. Tim Farron, the current leader, retained his seat with only a narrow majority.

The British pollsters - and prime minister - have come up short once again. While the Conservatives are still the largest party in Parliament, they did not win enough seats for an outright majority, leading to a hung parliament.

"She wanted a mandate", Corbyn said. The opposite has happened, she has been dealt a weak hand, having lost the majority in the parliament. But opponents may not be able to put together a coalition to take power. It also promised to guarantee the rights of European citizens now living in Britain, regardless of the outcome of the Brexit negotiations. The country is now in uncharted waters as it enters Brexit talks. He made up ground in the course of the campaign, closing a big gap.

"The net effect of these conflicting pressures is likely to be the search for a pragmatic deal with the European Union that can pass the threshold of a significant majority across the whole parliament and not just in the Conservative Party", added Niblett.

Instead, her election gamble has failed and she and her Conservative party have been weakened, with many on Friday questioning May's future as prime minister.

No doubt, May will be ridiculed for blowing her majority government but, to be fair, very few would have predicted this outcome at the time she called for the election.

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