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Britain's Conservatives Win Parliamentary Majority

British Prime Minister David Cameron (file photo)

Britain's Conservative Party has won an outright majority in parliament following the general election on May 7.

A nearly complete tally of the results shows Prime Minister David Cameron's party winning as many as 330 seats and a clear mandate for another five years in office.

Cameron hailed the result as the "sweetest victory" of his political career. Cameron's victory means Britain will likely face a historic in-out European Union referendum within two years.

Cameron met with Queen Elizabeth on the afternoon of May 8, in keeping with tradition, to inform her that he could form a new government.

The Conservatives' main rival Labour Party lost some 25 seats in parliament. The head of the party, Ed Miliband, has resigned.

Reports said the shortfall for Labour was due largely to a rout in Scotland, where Nationalists replaced previously dominant Labour legislators in nearly all of Scotland's 59 seats in the House of Commons.

Based on reporting by dpa and Reuters