Prime Minister David Cameron meets with Queen Elizabeth II to get permission to form a new administration of government, while Ed Miliband, Nick Clegg and Nigel Farage, respectively the leaders of Labour, the Liberal Democrats and UKIP, resign their positions.
The BBC is told that the UK's three main political parties, the Conservatives, Labour and the Liberal Democrats, will declare that whoever forms the government after the next general election will not agree to a currency union with an independent Scotland.
British Labour Party leader Ed Miliband calls for Secretary of State for Culture, Media and Sport Jeremy Hunt to resign after evidence at the hearing appears to show his support for News Corporation's bid to take control of BSkyB.
Chancellor of the Exchequer George Osborne hails the results as proof that the economy is going through a steady recovery, but opposition Labour Party leader Ed Miliband asserts that the recent spending review and budget cuts will harm economic performance.
Ed Miliband, the new leader of the UK's Labour Party, makes his first major speech at the party's Annual Conference in Manchester telling delegates that his "new generation" will return the party to power.