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Boris Johnson looks even more likely to become Prime Minister after odds were slashed from 66/1 to 5/1.
This comes after Conservative Johnson retained his seat in Uxbridge and South Ruislip.
During his victory speech, Johnson said: "It is early to comment on the events unfolding tonight in this General Election.
"But one thing is absolutely clear, I think to all of us who have been elected as MPs tonight across our fantastic country, that is we have got to listen to our constituents and listen to their concerns."
Once again, the exit polls seem to have been a real indication of the end result, with the polls projecting a hung parliament at 10pm last night.
Prime Minister Theresa May has been facing calls to resign after the performance of the Conservatives. May called the election with the aim of winning a significant majority. If she does stand down, this will trigger a big leadership battle.
When no single party can get enough MPs to form a majority on its own, the parliament is said to be 'hung'.
In the event of a hung parliament, the Conservative government will remain in office until it is decided who will attempt to form a new government - or unless May decides to resign.
Brexit negotiations are supposed to start in a week, but at this moment in time this is very uncertain. Especially when we don't yet know who will be taking the keys to Number 10, either as a minority government or as a coalition.
Speaking this morning, Theresa May seemed to hint at a coalition, saying: "At this time, more than anything else, this country needs a period of stability and if the Conservative Party has won the most seats then it would be incumbent on us to ensure that we have that."
In his constituency victory speech overnight, Labour leader Jeremy Corbyn said it was 'time for Theresa May to go' and make way for 'a government that was truly representative'.
He added that she had "lost seats, lost votes, lost confidence", and with regards to May he said: "That's enough for her to go, frankly."
When asked whether or not May should resign, former Conservative minister Anna Soubry told the BBC: "That is a matter for her. It is bad. She is in a very difficult place.
"She's a remarkable and very talented woman and she doesn't shy away from difficult decisions, but she now has to obviously consider her position."
She added: "This is a very bad moment for the Conservative Party. We have to take stock and our leader needs to stake stock as well."
Source: The Sun
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