U.K. Election: Theresa May to Seek to Form New Government
May, who will shortly visit Buckingham Palace where she'll meet with Queen Elizabeth II, will likely turn to Northern Ireland's Democratic Unionist Party to provide her with the number of seats required for a narrow working majority.
In a night of high drama across the UK, May's Conservative Party shed seats to Jeremy Corbyn's Labour.
It's an embarrassing turn for the Prime Minister who called the snap election three years earlier than required by law, convinced by opinion polls that seemed to place her in a strong position.
The result also plunges Britain's exit from the European Union into possible chaos, with Brexit talks -- due to start in 10 day's time -- likely to be delayed and May's personal authority undermined.
Prior to the announcement that she is to seek to form a new government, rumors were swirling within Conservative Party circles that she might have to resign. She's been at the helm for less than a year after taking over from David Cameron, who stepped down following the Brexit referendum.
Her party requires 326 seats for a majority but with 318 won and just one more seat to be declared, May is expected to fall short by at least seven.
For May, who called the snap election in April, the failure to gain a large majority has already has critics sniping.
George Osborne, the former finance minister who stepped down at the election, told ITV that the results were "catastrophic" for his party. Anna Soubry, a Conservative MP, said May would have to consider her position.
Meawhile, Corbyn said the early results showed May had lost her mandate and called for her to resign.
"People have said they have had quite enough of austerity politics," he said, repeating his campaign promises to push for better funding for health and education.
After the result was declared in her constituency of Maidenhead, May gave a faltering speech. "At this time more than anything else, this country needs a period of stability," she said, suggesting she would attempt to form a government even if her party loses its majority.
There were upsets elsewhere in the UK: In Scotland. the Scottish National Party was on course for significant losses. The former leader, Alex Salmond, lost his seat, as the Conservative Party made some rare gains in Scotland.
The anti-Brexit Liberal Democrat Party did not make its hoped-for inroads. Former leader Nick Clegg, a former Deputy Prime Minister, lost his Sheffield Hallam seat. Tim Farron, the current leader, retained his seat with only a narrow majority.
Home Secretary Amber Rudd, one of May's closest allies, barely held onto her seat of Hastings and Rye, after a recount put her just over 300 votes ahead of the Labour candidate.
May experienced a gradual slide during the campaign period, in which a wide gap between the Conservatives and Labour narrowed.
Predictions of Conservative success became more modest as the party's campaign faltered following a series of missteps.
May was criticized for making a number of U-turns on social welfare and she came under fire for a controversial proposal on who should pay for the cost of care for the elderly, a policy that became known as the "dementia tax."
Her opponents also took issue with her refusal to take part in a televised debate with other party leaders.
The Prime Minister called what she thought would be a Brexit-focused election, but the issue was quickly overshadowed by security as two deadly terror attacks, in Manchester and London, struck during the campaign period.
The attacks only put May under more scrutiny for national security decisions she made during her tenure as Home Secretary, a role she held for six years in the government of her predecessor, David Cameron.
The attacks triggered a heated debate on whether the police are well-enough resourced to deal with terror threats. Police numbers across the UK were cut by 20,000 under May's watch as Home Secretary.
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