On Monday 24 May, the Chancellor of the Exchequer, George Osborne announced "wasteful spending" cuts of £6.2 billion of which £5.7 billion will go to reducing the UK's current deficit of £156 billion. Around £500 million, apparently a concession to the Lib Dems, is to be reinvested in further education, apprenticeships and social housing.
The Conservative Party has won the Thirsk and Malton election by a comfortable majority. The election in the constituency was delayed after the UKIP candidate, John Boakes, died during the campaign.
Opponents of the Miliband brothers have started to make greater progress in the current race for the leadership of the Labour Party.
Brothers David and Ed Miliband are currently leading the race to take over the leadership of the Labour Party, following its defeat at the last election and the subsequent resignation of Gordon Brown.
Labour leadership contender Ed Miliband is currently leading the race to take over the party, following the resignation of Gordon Brown after the general election.
The leader of the British National Party, Nick Griffin, is to step down as leader by 2013, following the party's poor performance at the recent Westminster and local elections.
David Cameron has launched a surprise attack on those in his own party who are not at ease with the way in which he has embraced the Liberal Democrats and shed many of his party's own core commitments.
John Bercow has been reappointed as Speaker of the House of Commons despite some opposition from MPs not content with Mr Bercow's performance over the last 11 months since he replaced Michael Martin.
John Bercow, Speaker of the House of Commons in the last Parliament is to face yet another challenge to his position following an attempt to unseat him during the election by UKIP's Nigel Farage.
On the evening of Tuesday, 11 May, Prime Minister Gordon Brown pulled off a brilliant piece of political upstaging by resigning his office without forewarning David Cameron, his Conservative Party rival and winner of most seats in the recent election, that he was about to have an audience with the Queen.
The coalition between the Conservative and Liberal Democrat parties has surprised many, not least because of the apparent passion and speed with which David Cameron and Nick Clegg have embraced each other.
The new Prime Minister, David Cameron, has said that Britain is "open for business" and that his government would "get our economy moving". He also praised the Lib Dem's Vincent Cable, who will take up the post of Business Secretary.
One of the less talked about points about last Friday's election results is that the Conservative Party has been denied victory, or at least an outright victory due to a strong showing by Labour in Scotland.
Prime Minister Gordon Brown has said that he will stand down as leader of the Labour party and as Prime Minister, but would remain as a caretaker until a new leader is elected.
So the polls have closed and the future of Britain and its economy has been decided by millions of voters up and down the Kingdom. Stay here to find out the results as they are announced as we go through the night to find out who will be governing Britain tomorrow.
