London: With results out for more than 620 seats out of 650, the outcome of the British elections is a hung parliament.
The Conservatives had won 291 seats, Labour 251 and the Liberal Democrats 52 when reports last came in.
The leader of the Conservative party, David Cameron is expected to make a statement at 2.30 pm (BST). He will outline plans for a government which is "strong and stable with broad support that acts in the national interest".
However, the incumbent Prime Minister, Gordon Brown of the Labour Party, will be allowed to try and get together a coalition before Cameron.
There was speculation that Labour would try to form a coalition with the Liberal Democrats when Brown spoke of a "strong, stable and principled" government. However, Lib Dem leader Nick Clegg has said he believes the single largest party (the Conservatives) must try and form a government.
As the Tories and Lib Dems have radically different points of view on several issues, a coalition between the two seems unlikely.
Also read: Clegg likely to extend issue-based support to Tories
The Liberal Democrats had hoped to win 100 seats, but are now struggling to retain the 62 seats they held in the last House.
A higher-than-expected turnout meant many voters couldn’t cast their ballot before the booths closed. This could result in legal challenges and the Electoral Commission has launched an investigation.