Explainer: What a hung Parliament means for Britain

Explainer: What a hung Parliament means for Britain”

Here are six key takeaways from the most unexpected of elections.

Theresa May looks set to be backed by the Democratic Unionist Party as she attempts to run a minority government following her General Election disaster.

But Northern Irish politicians say they fear that means Conservatives will no longer be seen as impartial facilitators of the Northern Ireland peace process due to the coalition, endangering ongoing talks to try reach a power-sharing deal in the region.

That was also the broadly desired outcome in Brussels, where leaders believed that a stronger May would be better able to cut compromise deals with the European Union and resist pressure from hardline pro-Brexit factions in her party which have called for Britain to reject European Union terms and, possibly, walk out without a deal. And the problem is there's a majority in the House of Commons who don't really believe in Brexit, who think that Britain should adopt a much softer form of Brexit rather than the harder form of Brexit that Theresa May was advocating.

"This Government will guide the country through the crucial Brexit talks that begin in just 10 days time".

"We will be serious players if there is a hung parliament".

"As we are the party that won most seats and most votes, we are the only party that is in a position to form a government that can do that".

Some senior Tories have made the removal of Hill and Timothy a condition for continuing to support May, who has vowed to remain prime minister despite the Conservatives' losing their overall majority in Parliament.

"With face-to-face talks with the European Union due to start on the 19th of June, the timing could not be worse", said Paul Hollingsworth, economist at Capital Economics in London.

Over 200 female MPs have been elected-that's a record high for the United Kingdom parliament, which has a total of 650 members.

The Northern Ireland is one of the more depressed parts of the British economy.

While the Tories licked their wounds elsewhere, it was, on balance a good night for the party north of the border.

She retained the Maidenhead seat with a majority of 26,457, down from the 2015 general election in which she secured a 29,059 majority.

The pound lost more than 2 cents against the dollar within seconds of the exit poll result, plunging from $1.2955 to $1.2752 late Thursday.

"One thing that is clear from the result of the election is that the mandate Theresa May sought for her extreme version of Brexit has been rejected by the British people", said Tim Farron, Liberal Democrats leader.

The Prime Minister has confirmed the Conservative Party will form a partnership with the Democratic Unionist Party.

But other arrangements short of a coalition could involve a "supply and confidence" agreement under which smaller parties would pledge to back the Government's budget and programme without taking up ministerial positions in the new administration.

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