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.
A summary of today’s events
Polling day. Follow our live coverage of the results from 9pm here.
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.
In the last of four televised events, the leaders of the three main political parties are appearing in a special edition of Question Time on BBC1, just a week ahead of what the polls say will be the closest fought election in modern times.
Each will separately face 30 minutes of questions from a studio audience starting with Conservative prime minister David Cameron, followed by Labour leader Ed Miliband and rounded off by Nick Clegg, the Liberal Democrat deputy prime minister.
By George Parker and Kiran Stacey
Danny Alexander is in tiggerish mood as he poses for photographs by the banks of the sparkling river Ness at the foot of the Scottish highlands.
The Lib Dem Treasury chief secretary is giving what could be one of his last ever major interviews as an MP – an Ashcroft poll undertaken in February showed him 29 points behind the SNP.
I highly recommend this post by Carl Gardner, a barrister and former government lawyer, about the legal basis for what happens when there is a hung parliament.
In it, Gardner makes a critical point: Read more
UK voters will elect a new parliament in a general election on May 7. Our poll-of-polls tracks all national-level voting intention polling figures going back to the 2010 election – the dots on our chart – and then calculates a rolling score for each party adjusted for recency and different pollsters. Read more
What do betting markets make of the election so far? Well, if anything, they seem as confused as everyone else. Currently punters on Betfair are predicting that the Conservatives will win the most seats but that Labour will form a minority government and that David Cameron will be the next prime minister. Read more
The pre-election poster battle intensified on Tuesday as Labour launched a new image parodying Saatchi & Saatchi’s famous 1979 dole queue montage for Margaret Thatcher, a key moment in the history of visual campaigning. Read more
Leaders of seven of the parties standing in next month’s UK general election are appearing in a one-off TV debate on Thursday night.
This is the only occasion that Conservative prime minister David Cameron will appear on a podium at the same time as any of the others, including his main rival for Number 10 Downing Street, Labour leader Ed Miliband. But in what is predicted to be the closest election in modern times there is as much interest in the smaller parties who could hold the balance of power.
By Mark Odell and Jim Pickard
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
On Wednesday, December 3, the chancellor will deliver the final Autumn Statement before the 2015 general election.
There will be extensive coverage of the chancellor’s speech live on ft.com. And from 3pm on December 3, a panel of personal finance experts will be on hand to answer your questions about its contents. Submit your questions in the live reader comments field or email the Money team at firstname.lastname@example.org at any time up to and during the live Q&A. We will choose a selection for our panel to answer.
On the panel are:
The discussion will be moderated by James Pickford, FT Money deputy editor, and Jonathan Eley, FT Money editor
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
The Romans used to predict the future by examining the entrails of dead animals. These days we use opinion polls, often with similarly haphazard results.
Even some of the most robust Westminster commentators are refusing to make firm bets about how the landscape will look after next May’s general election. It will be the closest fought, most unpredictable, most exciting battle for a generation. Read more
Nick Clegg celebrates the Eastleigh byelection result
For well over a year, the Liberal Democrats have told supporters, commentators and their own MPs that they will fare better than their national poll ratings suggests.
At next year’s election, argue Nick Clegg’s strategists, the party will do well in areas they already have MPs, particularly given most of them are Tory-Lib Dem marginals, where the coalition of voters they have forged will stay with them for fear of letting the Tories in. This will let them retain about 40 of their 57 seats, think those at the top of the party, allowing for heavy losses to Labour in the north. Read more
Four polls have been published in the last 24 hours, all suggesting the same thing: the race for next year’s general election is now neck and neck.
Of course it is a symbolic moment that two of these polls show the Tories two points ahead – they are the first polls to put the governing party in the lead since early 2012. But within the margin of error, the race is essentially tied.
So what has happened in the last few days and weeks to cause Labour to slip from a pretty steady five point lead?
Unfortunately, the Lord Ashcroft poll can’t tell us, as it is the first in a series and so has no previous survey against which we can accurately monitor trends. Even more frustratingly, the ICM and the Populus polls seem to suggest very differing reasons for the poll move. Read more
One of the government’s main tax-cutting drives has been to encourage councils to keep tax rises to a minimum. Ministers have done this in two ways: firstly, by giving councils a cash incentive to freeze council tax; and secondly, by forcing any council that wants to raise tax by 2 per cent or more to put it to a local referendum.
Since that policy began, Eric Pickles, the local government secretary, has been irritated (but perhaps not surprised) to see dozens of councils raising tax by 1.99 per cent – just below the threshold. So recently, as revealed last week in the FT, he began pushing for a lower limit of 1.5 per cent. Read more
It is impossible to describe how enormously distressed I am by this situation and I am certainly too ill to attend the House of Lords today.
In the interests of my party and all concerned, I will now release a statement that I have prepared:
In 2009, I was the subject of a smear campaign in relation to House of Lords allowances. The timing of this campaign was clearly chosen as it was in the middle of major election campaigns, for which I was then responsible. I warned Nick Clegg how I considered that the party might be damaged in those elections as a result of those allegations. I said that I would bring forward my planned resignation as the Liberal Democrats Chief Executive on health grounds. I had not intended resigning until after helping Nick and the party through the 2010 General Election campaign. Read more
Many furrowed brows today at Lib Dem HQ at the continuing prominence of Lord Rennard, the Lib Dem peer accused of harassing women.
An internal party inquiry, the results of which emerged last night, found there was not enough evidence to take disciplinary action against Rennard, but that there was “credible evidence” he had violated the personal space of the women involved and should be forced to apologise.
This was enough, believe many at the top of the party, to make sure Rennard did not return to the team helping draw up the next Lib Dem manifesto, and possibly even enough to withdraw the whip altogether. Read more