Welcome to our live election coverage, bringing you the latest reaction to the Tories winning an unexpected majority – taking 331 of the 650 seats in the House of Commons.
Labour’s Ed Miliband, the Liberal Democrats’ Nick Clegg and the UK Independence party’s Nigel Farage have all resigned as leaders of their respective parties. Clegg, deputy PM for the last five years, hung on to his seat but his party lost all but eight of its MPs. Farage failed to win the seat he was contesting.
The Scottish National party also had a triumphant night, trouncing Labour north of the border. (Photo FT/Charlie Bibby)
Mr Cameron made four Cabinet announcements, reappointing George Osborne chancellor of the exchequer – and promoting him to first secretary of state; Theresa May home secretary; Philip Hammond foreign secretary and Michael Fallon defence secretary. The rest of the Cabinet is expected on Monday.
Welcome to the FT’s Live Q and A on the general election. With the polls too close to call and leaders going to unusual lengths to push the vote in their direction, deputy political editor Elizabeth Rigby takes your questions.
Ask away in the comment box to the right. We will start the live Q and A on Wednesday at 12.30 London time.
Ed Miliband has reiterated a pledge he made a year ago – to cap rises in the rent that landlords can charge their tenants, writes Giles Wilkes.
Landlords are aghast, as are most of the economics fraternity. However, Mr Miliband is no fool. Behind what sounds like another clumsy attempt to misunderstand how the free market capitalism works, there are threads of political and economic logic.
Take a look at our new graphic which details our four key battlegrounds: SNP target seats; Tory-Labour marginals; the rise of Ukip; and the collapse in Lib Dem support.
This week’s data are a timely reminder that with less than seven weeks to go until polling day and Labour and the Tories neck and neck when recently published polls are averaged, the relationship between poll leads and who might become prime minister is not straightforward. Read more
UKIP candidate Douglas Carswell won 21,113 votes, or 59.7% of the total, in Thursday’s by-election. This was 12,404 more than Conservative candidate Giles Watline, who came in second with 8,709 votes, or 24.6%. Read more
He has been criticised in the past for offending women, gays and the Irish. Now Tony Abbott, Australia’s prime minister, stands accused of insulting the people of Scotland and interfering in the country’s independence referendum on September 18, writes Jamie Smyth. Read more
By Emily Cadman and Henry Foy
Commuters in London are facing chaos on the way to work as RMT and TSSA unions strike against plans to close ticket offices and cut jobs, which Transport for London claim are essential to modernise.
FT reporter Bryce Elder found his local station, Ladbroke Grove, was closed when he had been expecting it to be open (photo left).
The last major strike was in 2007 and cost London an estimated £48m a day in lost productivity, according to the London Chamber of Commerce.
FT reporter Caroline Binham bumped into London Mayor Boris Johnson participating in the propaganda war at London Bridge station.
But aside from the politics about who is to blame, the challenge for most is simply to get to work.
And that is something which takes on a familiar pattern in the internet age: venting on Twitter. #tubestrike was choice more many this morning.
1. For most people it is likely to be as bad as you think it is going to be
By Sarah Neville
Comments to the FT from one of the most important figures in the NHS this morning ask the most fundamental question that can be asked about the NHS: in an era of austerity can a universal free health service survive?
Malcolm Grant, chairman of NHS England, told us that he thinks a future government will have to consider more widespread user charges in the health service unless the economy picks up.
Grant made clear that he would not support any departure from the defining principle of a free-at-the-point-of-use NHS. But that doesn’t matter – these are macro-economic decisions for government that fall beyond his remit. Read more
What was your response to the Budget? We asked readers on social media what the most important decisions were for them.
For Peter Curnow-Ford it was the stamp duty cut: Read more
The UK government has revealed the planned route of the second stage of the proposed high speed rail link from London to the north of England. Lex’s Stuart Kirk and Oliver Ralph discuss who’ll invest in a project where any returns would be a long way off.
From the FT’s Tech Hub:
A hacking group – no, not that one or the other one, a new one – has published scores of names and phone numbers that it says came from former UK prime minister Tony Blair’s address book Read more
From the FT’s Business blog:
Some have attributed Nick Clegg’s proposal to give every British voter a share in the UK’s state-owned banks (floated during a trade visit to Rio de Janeiro) to a combination of jet lag, domestic political calculation and Copacabana sunstroke. But the UK deputy prime minister’s suggestion has a long pedigree – longer than perhaps even he recognises. Read more
Britain went to the polls on Thursday in a mix of local elections in England and national polls for Scotland, Wales and Northern Ireland. Voters also have their say in a referendum on changing the electoral system to the alternative vote. Read more