United Kingdom opposition leader Corbyn calls for PM May to stand down

Pauline Gross
June 9, 2017

And former chancellor George Osborne, sacked from the Cabinet by Mrs May and now editor of the Evening Standard, told ITV: "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".

"MAYHEM" screamed the headline in the tabloid Sun newspaper. "Britain on a knife edge", said the Daily Mail.

The BBC reported that 76 seats appeared too close to call.

Also, the share of the Tory vote is historically quite strong.

If the Tories cling on to power, the Brexit hardliners could still hold the balance of power under May or her successor, reducing the room to make concessions and risking a breakdown in the negotiations that ends with Britain crashing out of the bloc. Two weeks earlier, a suicide bomber killed 22 people as they were leaving an Ariana Grande concert in Manchester.

The pound shed as much as three USA cents at one point in hectic trade, or close to 2 percent, before steadying as the results waxed and waned.

The shock result throws British politics into chaos and could send Britain's negotiations to leave the European Union - due to start June 19 - into disarray.

Go to CNBC's live blog for the latest coverage on the United Kingdom election.

A row brewed over a Conservative proposal to make elderly people pay potentially unlimited amounts for care in their home - a move that would force the sale of many family homes. Some critics nicknamed her "the Maybot".

Labour Party leader Jeremy Corbyn, who built his reputation as a left-wing activist, focused his campaign on ending the years of austerity that have followed the global financial crisis.

"I don't think the Conservative Government is stable, I don't think the Prime Minister is stable".

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Some analysts say that might reflect the diminishing prospect of a "hard" Brexit.

Lasted: 10 months 1910 Prime Minister: Herbert Asquith (Liberal Party) Composition: Liberal Party in a minority government, with support of Labour and the Irish Nationalists.

Britain's Labour party leader Jeremy Corbyn gestures as he arrives for the declaration at his constituency in London, Friday, June 9, 2017. "It's a poll. If the poll is anything like accurate this is completely catastrophic for the Conservatives and for Theresa May", Mr Osborne told broadcaster ITV.

"She called it because she expected to win and win big".

"The prime minister called the election because she wanted a mandate", he said, according to The Guardian. They were close to wiped out in the 2015 election.

"The timetable, whatever happens here, is likely to be pushed back", the former UK Independence Party (UKIP) leader said.

With 650 MPs in Parliament, 326 seats are needed for an absolute majority in the House of Commons.

Gina Miller, a leading voice for Britain staying in the European Union, said the vote was a sign that voters were rejecting May's proposition of a "hard Brexit".

Ed Balls, a former Labour Treasury chief, said it would hurt May's negotiating position with Europe.

In domestic policy, Labour proposes raising taxes for the richest 5 percent of Britons, scrapping university tuition fees, investing 250 billion pounds ($315 billion) in infrastructure plans and re-nationalising the railways and postal service.

Other reports by GizPress

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