This is likely to pave the way for Britain to leave the European Union next month. SNP Leader Nicola Sturgeon is now demanding a Scottish independence vote aimed at ending Scotland's three-century union with England in a referendum Johnson implausibly claims he is entitled to disallow.
"Labour's tally of seats could well still be less than the 209 seats that the party won in 1983". The commission also supervised the Brexit talks.
"We're having a deputy leadership contest with Tom Watson resigning and I expect Jeremy Corbyn will be resigning in the next few days, which gives us a chance to look again at where we are as a party, where we are as a movement, how do we make sure that we are holding a Government to account for the next five years, that I think we will be doing some pretty unsavoury things and make sure we are re-building trust with people that we have lost".
Johnson thanked voters, candidates and supporters in a tweet immediately after the exit poll came out, saying "We live in the greatest democracy in the world".
A divisive figure seen by many opponents as a populist charlatan who played fast and loose with the facts and made unrealistic promises, Johnson may struggle to reunite a divided nation.
By contrast, the exit poll spells disaster for the main opposition Labour party which was projected to win just 191 seats - its worst result since 1935.
Turnout during the election on Thursday hovered at 67 per cent of the 47.59 million registered voters who had been called to the ballot box, 1.6 per cent less than in the 2017 general election.
"And I will lead the party during that period to ensure that discussion takes place and we move on into the future".
Sterling soared, on course for one of its biggest one-day gains in the past two decades.
"But it also gives a majority where the government can explore its future trade relationship with the European Union with more time" and extends the transition period, he said "Even more importantly, in principle, this majority gives the prime minister the leeway to be bold and reveal his true desires for both domestic and global Britain". Currently, the deadline for that is the end of 2020, although the two sides could agree to an extension beyond that date.
Not only does the size of the majority bring some clarity to the Brexit fog, but money managers say it may well allow Johnson room to face down more extreme elements of his fractious Conservative Party and negotiate a relatively quick trade deal with Brussels involving softer terms than many had feared only a week ago. And in delivering change, we must change too, ' he said.
Former Vice President Joe Biden Thursday night told a gathering of rich donors that the Labour Party's crushing defeat in the United Kingdom general election represents a warning sign that Democrats should not nominate a left-wing candidate in 2020, a narrative progressives immediately condemned as highly misleading and pernicious.
She only became the party's leader in July and had campaigned to overturn Britain's 2016 vote to leave the EU.
The Conservatives took a swathe of seats in post-industrial northern England towns that were long Labour strongholds. "We are ready to negotiate whatever is necessary", she said. Labour finished on 203, the SNP 48, Liberal Democrats 11 and the DUP eight.
The Scottish National Party was predicted to win by a landslide in Scotland, taking 55 seats out of 59, while the Liberal Democrats were on track to return 13 MPs to Westminster.
Meanwhile Mr Johnson was faced with the prospect of an nearly immediate constitutional showdown as Nicola Sturgeon demanded the right to hold a fresh referendum on Scottish independence.
"This has been a hard-fought election in a very cold time of the year because we needed a functioning Conservative majority", said Patel, who polled 32,876 votes at her Witham constituency in Essex and held on to a majority of 24,082 for the party.
The expected Conservative landslide will clear the way for Mr Johnson to take the United Kingdom out of the European Union on January 31 and enjoy a free hand to implement his programme in a term of at least four and a half years in Downing Street.