British media has been awash with the fact that this snap election has been a political gamble gone wrong for the Conservative party and has thrust the United Kingdom into another uncertain political environment.
The spectre of the decimation of the Labour Party was quickly shed away by the party under Corbyn, who announced one of the most radical election manifestos in recent history around the slogan 'For the many, not the few.' In contrast to Corbyn's hopeful campaign, the Conservative Party tried to sell fear, but their lead continued to fall. Meanwhile, the Labour Party surged, winning 29 seats in areas where the party's lukewarm support for the Brexit played well.
Looking tense as she delivered remarks after being re-elected to her Maidenhead constituency, 30 miles west of London, May said, "The country needs a period of stability and whatever the result the Conservative Party will ensure that we fulfill our duty in ensuring that stability". Nick Clegg, the party's former leader and former Deputy Prime Minister, lost his seat, while the party's leader Tim Farron held on with a narrow majority. May expected to increase the number of her Conservative Party's seats in the parliament in order to avoid additional problems during the talks. One can nearly hear the death knell ringing in Edinburgh as stalwarts of the Scottish independence movement, including the former First Minister of Scotland Alex Salmond, lost their seats to unionist candidates. Instead her Conservative party lost its overall majority in Parliament, which requires a minimum of 326 seats in the 650-seat chamber.
Should the deal break down, May could seek support from other small parties-the Liberal Democrats and the Scottish Nationalists-but they will be considerably more hostile, as both are opposed to Brexit.
Minority governments in Britain "have very bad track records - they always get torn apart. When you're doing that going into Brexit negotiations - some of the most brutal, arduous negotiations this country has ever faced - you don't have a chance going up against it without really a strong majority". "We need a government that can act", said Oettinger. He said it was impossible to predict whether she would still be prime minister at the end of the year.
"It creates another layer of uncertainty ahead of the Brexit negotiations", said Craig Erlam, senior market analyst at OANDA currency traders.
Despite what is generally considered a humiliation, European Union President Donald Tusk took time to write May to congratulate her in the wake of the elections.