Labour's brief administration produced little in the way of domestic policy, and when leader Ramsay MacDonald called another election in October 1924, demanding a mandate to form a real socialist government, his party was roundly defeated in a Conservative landslide.
The campaign began with a clear lead for May and the Conservatives, reinforcing a perception that Labour's Jeremy Corbyn was too left-wing to attract widespread support. The Labour Party gained 32 seats, jumping from 229 to 261, setting back May and the Conservative Party. This is disappointing for Prime Minister Theresa May, who chose to call an early election to try to strengthen her hand in talks with the European Union on Brexit.
Above all, investors are anxious about the general uncertainty surrounding the country - whether a bruised May will resign in due course, whether the Conservatives will be able to form a new government or whether it will be an alliance of opposition parties, led by the Labour Party.
Donald Tusk, president of the European Commission, urged the May government to get on with negotiations, noting that the United Kingdom has less than two years to extricate itself from the EU - which is considered a gargantuan task. Based on current seat projections, Labour and its potential allies fall short of the 326 required to form a majority. "I think the only thing that political commentators can agree on is that we have uncertainty right now and nobody has any clue what shape this negotiation is going to take".
Mrs May's party lost ground to Jeremy Corbyn's Labour but said the Tories are still the largest party with 318 seats and 42.2% of the vote. The Prime Minister took a gamble by calling an election three years ahead of schedule.
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.
A record 51 elected members are from ethnic minorities, including several of South Asian descent, and Britain now has its first member of parliament of Palestinian descent, Layla Moran.
He stressed that the campaign led by May was rather disadvantageous for her and was driven by an internal political agenda rather than the Brexit talks, and that the elevated terrorist threat cost her the votes.
On June 23 it will be a full year since Britain voted to leave the EU.
The Conservatives remain the largest party in Britain, but now face the prospect of a hung parliament. It projected 34 for the Scottish National Party and 14 for the Liberal Democrats.
European Union leaders expressed fears the shock poll would delay Brexit talks, due to begin on June 19. We have got a mandate to deal with issues of poverty, justice and inequality in Britain. The DUP was the only party in Northern Ireland to support Brexit, though its manifesto suggests it is against a "hard Brexit".
He told the Sunday Mirror: "I can still be prime minister".
When a reporter asked for his reaction to the election in Britain, Trump said, "Surprising". That is what we fought the election for.
"I'm afraid we ran a pretty terrible campaign", Soubry said.
In a buoyant mood, Corbyn piled on pressure for May to resign, saying Friday morning that people have had enough of austerity politics and cuts in public spending.
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