Election 2017: Tories to be largest party - exit poll
Britain's Conservative Party will be
the largest party but may not have a majority after the UK's snap
general election, an exit poll says.
The survey taken at polling
stations across the UK suggests the party could get 314 MPs when all the
votes have been counted after Thursday's poll.
Labour would get 266, the Lib Dems 14, UKIP none and the SNP 34, the NOP/Ipsos MORI poll for BBC/ITV/Sky suggests.
The pound fell sharply in value after the exit poll was published.
Early results are suggesting a swing to Labour - but it is too early to say whether the exit poll is accurate.
Veteran
Conservative MP Ken Clarke said he believed his party would have a
"small overall majority" when all the votes have been counted.
The final election results are expected by Friday lunchtime.
A
total of 650 Westminster MPs will be elected, with about 45.8 million
people entitled to vote. A party needs 326 seats to have an overall
majority
Prime Minister Theresa May - who had a small majority in the previous
parliament - called the snap election to try to strengthen her hand in
negotiations with the European Union on Brexit.
But if the exit poll is borne out by results, analysts say the PM will have made a serious miscalculation.
The pound fell sharply after the exit poll as traders had been expected a clear victory for Mrs May's party with an overall majority in the House of Commons.
- Full UK results breakdown
- Find the result by constituency
- In pictures: Focus on election counts
- 'Hung Parliament' trends in Britain
- The non-Brit's guide to the UK election
The exit poll suggests the Conservatives will be 12 seats short of an overall majority.
It
suggests Labour will gain 34 seats, the Conservatives lose 17 seats,
the Lib Dems will gain six and the SNP lose 22 seats in Scotland.
The Green Party would be unchanged with one seat and Plaid Cymru still have three MPs in Wales, according to the poll.
In total, 30,450 people were interviewed as they exited from 144 polling stations across the UK.
Have Tories' hopes been dashed? Analysis by BBC Political Editor Laura Kuenssberg
If
the exit poll numbers are correct, Theresa May played a high risk
political game and has lost it - she didn't have to call this election,
and only did so in order to give herself a mandate and breathing space
during the bumpy ride of Brexit.
Just a few weeks ago at the start
of all of this she seemed unassailable, but a shaky campaign and an
insurgent Labour Party may have dashed the Tories' hopes
This exit poll result is not what either of the parties were
predicting privately - this would be another political surprise - the
public again defying the expectations of both the main sides.
The
Conservatives do look set to be the largest party, it's not clear on
these numbers if they will be able to govern alone. Theresa May's
promise throughout was to offer her catchphrase "strong and stable
leadership" - instead she may end diminished - but only of course the
real results will determine through the course of the night what really
happens next.
The Conservatives could
still secure an overall majority if, as the exit poll suggests, they
perform relatively well in constituencies that Labour are defending
where a majority of the electorate voted Leave in last year's EU
referendum.
They would also need to do better in marginal seats they are defending.
If
neither of these patterns materialises, but the exit poll's estimate of
the overall levels of support for the parties is correct, then the
Conservatives could lose their overall majority.
In addition, there is some evidence from the exit poll that the Conservatives will perform relatively well in Wales.
If the exit poll is correct the SNP could suffer heavier losses than were widely anticipated in advance of polling day.
Indeed
this, together with clear evidence of a Conservative revival north of
the border, may yet provide the Tories with the extra seats that they
might need to secure an overall majority.
Why the election matters - it's all about Brexit
The election will largely determine the UK's negotiation policies in upcoming negotiations with the EU on Brexit.
Theresa
May was against Brexit before last year's referendum - but now says
there can be no turning back and that "Brexit means Brexit".
The reason the prime minister gave for calling the election was to strengthen her hand during the negotiations.
The
Conservatives' priorities were set out in a 12-point plan published in
January and the letter formally invoking Brexit in March.
The key elements include:
- No longer being bound by EU law and European Court of Justice rulings
- Quitting the EU single market and seeking a "comprehensive" free trade deal in its place
- Striking trade deals with other countries around the world
The
Labour Party campaigned against Brexit in the referendum but now says
the result must be honoured, and is aiming for a "close new relationship
with the EU" with workers' rights protected.
The party has set out several demands and tests it says Brexit must meet. These include:
- Aiming for "tariff-free access" to the EU single market, while accepting "unchanged access" is impossible
- Leaving the option of the customs union on the table
- Refusing to accept a "no deal" scenario
What about a possible impact on the UK economy?
When
the election exit poll was revealed, the pound immediately dropped by
2% as investors took a position that a hung parliament was a possible
outcome, writes BBC's Economics Editor Kamal Ahmed.
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