The UK has a hung parliament, after Labour’s victory in Southampton Test made it impossible for any party to reach the 326 MPs.
To form a majority, either the Conservatives or Labour would need 326 seats to form a government. Labour’s phenomenal election campaign and the Conservatives’ disastrous shortfalls and dismal campaign has contributed to the results.
Jeremy Corbyn mobilised the youth in a way never seen before and took seats in Tory, Lib Dem and Ukip strongholds. Now we have a hung parliament, as the Tories have 42% and Labour 40% of the Commons seats. Conversations around when the hung parliament will be made are already surfacing.
How long will it take?
There is no official time limit. It took five days to put the coalition together in 2010 but it is generally expected to take longer.
Currently, the first deadline is Tuesday 13 June, when the new Parliament meets for the first time. Mrs May has until this date to put together a deal to keep herself in power or resign, according to official guidance issued by the Cabinet Office.
But Mrs May must be clear that Jeremy Corbyn can form a government and that she can’t. She is entitled to wait until the new Parliament to see if she has the confidence of the House of Commons.
What if it is still not clear a new government can be formed?
The government needs to see if it can gather the votes it needs to get its programme of proposed new laws passed in the Queen’s Speech, which is scheduled for Monday 19 June.
Theresa May may opt to remain in power and gamble on getting enough votes from other parties to get her programme passed.
If she has already resigned and handed over to Mr Corbyn, the Labour leader can form a government.
What analysts are saying
Owen Jones has said hailed this election 2017 result as “the most sensational political upsets of our time”.
“Theresa May – a wretched dishonest excuse of a politician, don’t pity her – launched a general election with the sole purpose of crushing opposition in Britain. She has just usurped the title of “worst prime minister on their own terms” since David Cameron”.
Former minister, Anna Soubry, has called for her to “consider her position” – political code for calling for her to resign.
Another senior MP tells me “I can’t see how she can stay”.
A Tory source says it is “50:50” that she will quit in the morning. However, others are urging caution, calling for reflection, a period of calm.