Cameron sweeps back to power in UK |
Prime Minister David Cameron won a stunning election victory in Britain, overturning poll predictions. Pundits had propounded that the vote would be the closest in decades. Cameron`s Conservative party, called Tory, swept easily into office for another five years and Labour opponents are in tatters. The sterling currency, bonds and shares surged on a result that reversed expectations of an inconclusive hung parliament in which Cameron would have had to jockey for power with Labour rival Ed Miliband. Cameron was due to meet Queen Elizabeth before noon to accept a swift mandate to form a government. Miliband will step down as Labour leader. Scottish nationalists swept aside Labour, meaning that Scotland, which voted just last year to stay in the United Kingdom, will send just three representatives of major British parties to parliament and be all but shut out of the Cabinet. Cameron sounded a conciliatory note towards Scotland, likely to be his first immediate headache. Cameron`s victory also means Britain will face a vote that he has promised on continued membership in the EU. He says he wants to stay in the bloc, but only if he can renegotiate Britain`s relationship with Brussels. The Conservatives surpassed the 325-seat threshold of an effective majority that allows them to govern alone for the first time since 1992. The margin of victory was a surprise even to Cameron.
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