Ed Miliband today threw in the towel after a series of crushing election losses, as he said he was 'deeply sorry' for Labour's 'difficult and disappointing' election night.
David Cameron has secured an extraordinary victory as 'shy Tories' came out at the last moment to keep him in Downing Street, with a 6am results forecast suggesting he will win 325 seats - exactly half of the Commons. With Sinn Fein not taking their seats and the Speaker not voting, it effectively gives the Tories a majority.
Mr Cameron said it was 'too early to say' what the final result of the General Election would be, but added that there was 'the chance now to build on the foundation' laid in the last parliament.
But the Tory leader will have to deal with SNP leader Nicola Sturgeon who is cleaning up north of the border, leaving Scotland as a near one-party state.
In a signal that he now accepts he will not be PM, Mr Miliband said the next government 'has a huge responsibility' to hold the UK together.
The SNP tide has swept aside Labour and Lib Dem big beasts including Jim Murphy and Douglas Alexander in a tide of nationalism which has already sparked calls for a second independence referendum.
There are doubts that Mr Miliband will survive as leader until Friday lunchtime, as he faces being left with fewer seats than Gordon Brown, slumping to 239.
The Lib Dems are fighting for their survival as a political party, with ministers including Vince Cable, Ed Davey, Simon Hughes, Lynne Featherstone and Jo Swinson already voted out and Danny Alexander expected to follow them.
Nick Clegg clung on to his seat in Sheffield Hallam but revealed he will make an announcement about his leadership later this morning after a 'cruel and punishing night' for the Lib Dems.
David and Samantha could barely contain their delight as their left his election count in Witney, confident they will still be living in Number 10
There are doubts that Mr Miliband will survive as leader until Friday lunchtime, as he faces being left with fewer seats than Gordon Brown, slumping to 239.
At 6am the BBC produced a new seats forecast, which suggested the Tories will win 325 seats, commanding a slender Commons majority
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