PM refusing to resign as shock election results in hung parliament

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Prime Minister Theresa May is not resigning after her gamble on a snap election dramatically backfired, ITV News understands.

ITV News Political Editor Robert Peston said Mrs May was discussing how to form a government after the Conservatives lost their majority.

The Tories remain the largest party but have fallen short of commanding the House of Commons and will now need support from minor parties to attempt to govern.

The hung parliament and impending political crisis, which has seen the pound plunge in trading, comes less than two weeks before Brexit negotiations are scheduled to begin.

Mrs May said her party would deliver “stability” for the country but made no comment on her own position in the wake of a politically devastating result for her leadership.

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