UK Elections 2024: Rishi Sunak likely to resign as Conservative Party leader, exit poll predicts Labour’s victory

Britain's main opposition Labour party looks set for a landslide election win, exit polls indicated on Thursday, with Keir Starmer replacing Rishi Sunak as prime minister, ending 14 years of Conservative rule.

Written By Alka Jain
First Published5 Jul 2024, 07:51 AM IST
British Prime Minister Rishi Sunak. (AP Photo)
British Prime Minister Rishi Sunak. (AP Photo)

UK Prime Minister Rishi Sunak is expected to announce his resignation as Conservative Party leader on Friday morning, The Sunday Times told Times Radio. This came after Britain's main opposition, the Labour Party, looked set for a landslide election win.

The survey for UK broadcasters indicated that the centre-left Labour Party would secure 410 seats in the 650-seat House of Commons, marking its return to power for the first time since 2010 with a 170-seat majority.

Also Read | UK General Elections: Who is Keir Starmer, Labour leader who could be the PM?

Sunak's Conservative party would capture only 131 seats, a historic low. Nigel Farage's anti-immigration Reform UK party, which might win 13 seats, seems to be dividing the right-wing vote, AFP reported.

In another gain for the centrists, the smaller opposition Liberal Democrats are projected to secure 61 seats, surpassing the Scottish National Party, which is expected to get 10 seats, as the third-largest party.

This anticipated outcome contrasts with the rightward shift seen among Britain's closest Western allies, where the far-right in France is eyeing power, and Donald Trump appears poised for a comeback in the United States.

Also Read | PM Rishi Sunak unveils Conservative party’s poll manifesto. Everything to know

British newspapers spotlight Labour's imminent return to power, marking the first time since Gordon Brown's tenure in 2010. The Labour-supporting Daily Mirror was headlined, “Keir We Go”. "Britain sees red," said The Sun.

Both Starmer and Sunak expressed gratitude to their activists for their hard work and support throughout the election campaign. However, senior Labour officials avoided any early celebrations, as per AFP reports.

Also Read | Rishi Sunak vs Keir Starmer for PM? All you need to know about UK Elections 2024

Counting of ballots from some 40,000 polling stations across the country stretches into the night, with official results expected into Friday morning.

The first result was announced just over an hour after the polls closed at 2100 GMT, with Bridget Phillipson of the Labour Party being re-elected as the MP for Houghton and Sunderland South in northeast England.

 

(With inputs from AFP)

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:5 Jul 2024, 07:51 AM IST
HomeNewsworldUK Elections 2024: Rishi Sunak likely to resign as Conservative Party leader, exit poll predicts Labour’s victory

Most Active Stocks

Indian Oil Corporation

168.85
09:42 AM | 12 JUL 2024
-5.65 (-3.24%)

Bharat Electronics

336.85
09:42 AM | 12 JUL 2024
1.3 (0.39%)

Tata Steel

169.60
09:42 AM | 12 JUL 2024
0.6 (0.36%)

Zee Entertainment Enterprises

156.35
09:42 AM | 12 JUL 2024
9.2 (6.25%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Rashtriya Chemicals & Fertil

239.15
09:40 AM | 12 JUL 2024
16.65 (7.48%)

Oil India

589.70
09:40 AM | 12 JUL 2024
38.25 (6.94%)

Zee Entertainment Enterprises

155.40
09:40 AM | 12 JUL 2024
8.25 (5.61%)

Fertilizers & Chemicals Travan

1,107.05
09:40 AM | 12 JUL 2024
57.45 (5.47%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,087.00382.00
    Chennai
    73,942.00-780.00
    Delhi
    74,014.00309.00
    Kolkata
    74,377.00-345.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.85/L0.10
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts