- British Prime Minister Theresa May will form a government supported by a small Northern Irish party
- May met the Queen to seek permission to form a government despite losing majority
- Hung Parliament in the United Kingdom as PM May fails to win outright majority
- Conservative Party holds talks with Northern Ireland’s Democratic Unionist Party after hung parliament
- Britain may need to ask for delay to Brexit process: JP Morgan
May Begins Finalising Her Cabinet of Ministers
Embattled British Prime Minister Theresa May began finalising her cabinet of ministers and held talks with the Democratic Unionist Party to determine the contours of the party's support for her minority government.
Many of the key cabinet posts have already been declared as unchanged from the previous government, including Philip Hammond as Chancellor of the Exchequer, Amber Rudd as home secretary, Boris Johnson as foreign secretary, David Davis as Brexit secretary and Michael Fallon as the in-charge of the ministry of defence.
May remains in 10 Downing Street with a much diminished power base after her Conservative party fell short of an overall majority in the House of Commons, the lower house of the UK Parliament, as the general election results threw up a hung Parliament.
She reportedly abandoned plans for a major reshuffle of her cabinet to keep her senior Tory party colleagues on her side.
May's Two Closest Advisers Quit After Election Debacle
British Prime Minister Theresa May's two closest advisers, Nick Timothy and Fiona Hill, resigned on Saturday after taking responsibility for the election debacle for the Conservative Party which failed to get a simple majority.
Timothy, one of two chiefs of staff on whom May relies heavily, said he took responsibility for his role in the Tory manifesto, criticised by many MPs, BBC reported.
Timothy, who has worked with May since she was in the Home Office, hoped MPs would get behind the Prime Minister for the good of Brexit.
"I take responsibility for the content of the whole manifesto, which I continue to believe is an honest and strong programme for government," he said in a post for Conservative Home.
May Loses London Stronghold Kensington
Theresa May's Conservatives lost their west London stronghold of Kensington to the Labour Party by a mere 20 votes, officials said on Friday, in a final electoral blow to the embattled British prime minister.
The result, the last to be announced from yesterday's election, means the Conservatives have won 318 seats – eight short of an overall majority in the 650-seat parliament – and Labour 262.
British PM May Makes No Change to Top Ministerial Team
British Prime Minister Theresa May has made no change to her top ministers including finance minister Philip Hammond and foreign secretary Boris Johnson, her office said on Friday, a day after a national election.
Interior minister Amber Rudd, defence secretary Michael Fallon and Brexit minister David Davis will also remain in their posts, Downing Street said, after the Conservative Party's weak performance in Thursday's national election.
"No further appointments will be made this evening," May's office said.
Before the election there had been widespread speculation in the British media that May would replace Hammond if she won a large majority.