Former Prime Minister Liz Truss, who crashed the economy, lost her seat and Nigel Farage, a friend of Donald Trump, will join U.K. Parliament for the first time.

LONDON (Reuters) -British stock and government bond prices rose on Friday after the centre-left Labour Party surged to a comprehensive win in a parliamentary election. The bluechip FTSE 100 index rose 0.

Keir Starmer will be Britain's next prime minister with his Labour Party set to win a massive majority in a parliamentary election, an exit poll on Thursday indicated, while Rishi Sunak's Conservatives are forecast to suffer historic losses.

The Liberal Democrats and Labour celebrated general election wins across Hampshire and the Isle of Wight as the Conservatives saw eight of its MPs depart. Of the 21 constituencies, the Tories now hold 11 while Labour held two and gained five.

Keir Starmer will be Britain's next prime minister after his centre-left Labour Party won a huge majority in a parliamentary election, defeating Rishi Sunak's Conservatives and ending their 14 years of often tumultuous rule.

Shares exposed to the British domestic economy saw their best gains of the year, as the Labour Party’s landslide election victory spurred hopes that political stability could support a potential rebound in economic growth.