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.
This morning we reported that the £1bn Sino-UK trade package was a bit short of detail other than a £1m deal to sell breeding pigs to the Chinese. Downing St has since updated its announcement to include a few other deals beyond the porcine arrangement.
They include an agreement to let Unilever expand its manufacturing in China, as well as clearance for a Diageo takeover of a Chinese company.
Here is their announcement:
* An agreement between BG Group and Bank of China to access a new credit facility of up to $1.5 billion that will allow the group to expand their business in China. Read more
(I first published this last October but thought it could be of renewed interest).
The following documents, obtained by my freedom of information request, refer to a contract signed in early 2008 between General Dynamics UK (the British arm of the US company) and the Libyan government to supply a communication system for its military.
The $165m deal was the first major defence deal between a British company and the north African state since an embargo was lifted in 2004.
The letters provide an interesting insight into the way that the Foreign Office provides help in assisting British business overseas – which is one of William Hague’s top priorities.
The redactions are by the FCO, which did not provide the dates of the letter. General Dynamics confirmed that the correspondence refers to the communciations deal.
Letter from General Dynamics United Kingdom Ltd to His Excellency, Sir Vincent Fean KCVO, Her Britannic Majesty’s Ambassador to Libya
As I sit on the aeroplane back to London after my first visit to Libya, I wanted immediately to write to thank you, not only for your extremely generous hospitality, but also for your personal interest and support on the rocky road towards success in the […] programme.
I am convinced that we would not be in the optimistic position in which we find ourselves without […] that your involvement […] and neither would we be able to make suggestions