Opposition Labour leader Ed Miliband and Britain's political pundits were humbled yesterday by the sweeping nature of David Cameron’s Conservative party victory. Cameron will now serve a second five-year term with a majority conservative coalition and an austerity agenda. The result of last night's election, says The Guardian, "was a vindication of Cameron’s much-criticized decision to run a largely negative campaign, stressing the risks to Britain’s still-fragile economic recovery of a Labour government that would overspend and drive away investors through taxes aimed at the wealthy and their tax-avoiding practices."
Ed Miliband and other Labour Party leaders have resigned.