Welcome to a special episode of EFT politics, the Financial Times podcast on all things

British politics. I'm Sebastian Payne and I'm joined on the

morning of the general election by George Parker, our political editor, and

Matzing our election analyst and what a result it is. Instead of a majority for the Conservatives, it's a hung Parliament.

Nobody's won, Theresa May, is still Prime Minister at the time of recording and everything's

a bit in flux. George, you want to kick us off and just give us an overview of what happened?

Well, I think the starting point of this is that Theresa May set off in this election hoping to have a strengthened mandate.

She had a majority of 17 before the campaign

started on April the 17th and we've now ended up in a situation where she has no majority at all.

We have ended up in the humiliating situation for Theresa May of having a hung parliament. Recriminations are up in the humiliating situation for Theresa Mayor having a hung parliament.

Recriminations are flying in the Conservative Party about the way she

handled the campaign, the fact she had the election at all in the first place and then

set about sabotaging her own operation and she's been left

incredibly weakened and we're only 10 days away from the start of Brexit negotiations and

instead of being strengthened she's been left completely humiliated.

And then on the flip side of it, Jeremy Corbyn has done very well that Labour's

voter has gone up significantly higher than I think Tony Blair achieved in many of his

elections, but still didn't manage to gain enough seats to even really form a minority government.

No, I don't think there's any prospect of Jeremy Corbyn becoming Prime Minister no matter what scenarios are sketched out by him and his allies over the coming days.

But nevertheless it was a tremendous campaign by Jeremy Corbyn.

He defied all his critics.

As you mentioned, he polled over 41% of remarkable achievement when I think many of us

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