Winners

Top of the list of those celebrating on Friday morning was surely Jeremy Corbyn (30 seats gained). Despite not winning the most seats, the much maligned Labour leader has resurrected his moribund career and now stands as a credible adversary to May. Some of his gains seemed unwinnable at the start of the campaign (Canterbury, Kensington), giving heart to those who favour a more socialist agenda. In Scotland, however, it was the Conservatives who were celebrating, having benefitted from the vast majority of SNP losses and seriously denting the prospects for IndyRef2. Another Tory victory arrived for Zac Goldsmith (by 45 votes) in the flip-flop seat of Richmond Park. Across the Irish Sea, the DUP who now find themselves as kingmakers (10 seats to address May’s requirement for 8) are presumably rubbing their hands and writing up a long wish list. Although far from certain, some of the biggest winners might be those who favour a more moderate extraction from the EU. Comments by David Davis on election night seemed to suggest that the mandate to withdraw from the single market now looks less certain. This may offer a silver lining for financial markets, which would welcome such a position.