London: UK Prime Minister Rishi Sunak has conceded defeat in the general elections as trends indicate a decisive victory for the Opposition Labour Party, which has secured over 300 seats. Sunak’s Conservative Party is currently leading in just 61 constituencies.

“The Labour Party has won this general election, and I’ve called Sir Keir Starmer to congratulate him on his victory. Today, power will change hands in a peaceful and orderly manner, with goodwill on all sides. That is something that should give us all confidence in our country’s stability and future,” Sunak said while addressing his supporters in Richmond and Northern Allerton.

“I am sorry. I take responsibility for the loss,” he added.

Keir Starmer’s Labour Party will assume power facing significant challenges, including a sluggish economy, strained public services, and declining living standards—issues that contributed to the Conservatives’ defeat.

U.K General Election 2024 Survey – Rishi Sunak staring at a defeat.

The survey for U.K. broadcasters suggested that the centre-left Labour Party would secure 410 seats in the 650-seat House of Commons, while the right-wing Tories would win only 131 seats—a record low for the party. In another boost for the centrists, the smaller opposition Liberal Democrats are projected to gain 61 seats, making them the third-largest party and displacing the Scottish National Party, which is expected to win 10 seats.

The poll, released moments after voting closed, indicated that centre-left Labour leader Keir Starmer will become the country’s next prime minister. He will face a disillusioned electorate eager for change amid a backdrop of economic stagnation, growing distrust in institutions, and a fraying social fabric.

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