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Learn more at equinore. At Aquinore. UK. Good morning from the Financial Times. Today is Friday, July 5th, and this is your

FT news briefing. The UK's Labor Party wins the country's general election by a

landslide. Populous Party Reform UK makes serious inroads and EU officials

criticize a plan meeting between Hungary's Prime Minister and

Vladimir Putin.

I'm Josh Garb Duiswaiin, in for Mark Filipino, and here's the news you need to start your day. The UK's Labor Party has ended 14 years of Conservative government with a huge election majority.

Exit polls in early count suggests Sir Kiir Starmer will become Prime Minister,

with 410 seats out of 650 in the House of Commons.

Meanwhile, the Conservative Party is facing the worst result in its history, with just 131 seats.

A full count won't be available until later on Friday, but the FT's Whitehall

editor Lucy Fisher is watching the results as they come in. She joins me now.

Hi Lucy. Hi Josh. So if these exit polls are correct, how astonishing a turnaround is this for the

Labour Party which had their worst post-war election result in the last election

in 2019?

It is a huge turnaround. You're absolutely right, you know, in 2019 it was the worst defeat since

1935. People were talking about it taking potentially a decade, maybe even three electoral cycles, 15 years for

labour to get into power. So it has been this extraordinary turnaround by the

party, but I think it also reflects how volatile politics has been in recent years.

The Tories have had an astonishing fall from grace after winning a stunning 80 seat majority

at the last election and there have been kind of new forces on the scene like the Reform

Party which I'm sure we'll talk about. What are you hearing from people within the

...