UK Tories Set to Remain in Power After Vote

With more than half of the results of Thursday's UK general election now in, David Cameron's Tories appear set to have won 329 of the 650 seats in the House of Commons, according to a BBC forecast.

The result would allow Cameron to ditch his Liberal Democrat coalition partner of the past five years and govern alone, Bloomberg said in its coverage of the news.

The Conservatives are expected to have won a 37% share of the national vote, Labour 31%, UKIP 13%, the Liberal Democrats 8%, the Scottish National Party (SNP) 5%, the Green Party 4% and Plaid Cymru, the National Party of Wales, 1%.

The BBC quoted two senior Labour sources as saying that party leader Ed Miliband is expected to stand down later after Labour was all but wiped out by the SNP in Scotland. The big losses of Labour in Scotland more than offset its modest gains in London and elsewhere.

The Labour Party's projected 239 seats are putting it on course for its worst election result since 1987.