And, the UK Election Result 2017 is out. The UK election ended in a hung parliament after Prime Minister Theresa May's Conservatives Party failed to win a majority in the poll, as predicted by the exit polls. Counting of votes had begun around 10:30 pm (3 am Indian Standard Time or IST). Broadcasters began announcing results of UK exit polls at 10 pm (2:30 am IST). This election result was crucial to determine which party will negotiate the terms of Brexit with the European Union over the next two years. "A hung parliament is the worst outcome from a markets perspective as it creates another layer of uncertainty ahead of the Brexit negotiations," said Craig Erlam, an analyst with brokerage Oanda in London.
May had unexpectedly called the snap election seven weeks ago, confident of sharply increasing the slim majority. Instead, she risked an ignominious exit after just 11 months. UK has recently witnessed two terror attacks - London and Manchestor. Prime Minister Theresa May's popularity recently witnessed a dip in recent weeks after the two terror attacks.
British parliament has a total of 650 seats, with 3,300 candidates in the fray. A remarkable number of 56 Indian-origin candidates are also contesting in the UK Elections 2017.
May had unexpectedly called the snap election seven weeks ago, confident of sharply increasing the slim majority. Instead, she risked an ignominious exit after just 11 months. UK has recently witnessed two terror attacks - London and Manchestor. Prime Minister Theresa May's popularity recently witnessed a dip in recent weeks after the two terror attacks.
British parliament has a total of 650 seats, with 3,300 candidates in the fray. A remarkable number of 56 Indian-origin candidates are also contesting in the UK Elections 2017.
