Live Blog: Labour completes largest comeback in modern history, Hung Parliament Likely (Update #6)

The UK political world is in shock.

Update: Betting Markets now have Corbyn is now the favorite to be the next PM.

www.independent.co.uk/...

Here is the exit poll, and a model I have created which can be seen here.

How did Labour do it?  In part it was a series of May mistakes, the most damaging one being about pensions.

If the exit poll is right, it is unclear if the Conservatives will be able to form a government. 

Another shock: the collapse in Scotland of the SNP.

But in part it was a relentless focus on class and progressive politics. It was in part a response to two twin bombings that asked whether war is a solution.

It was ads like this:

This updates real time:

It is hard to put into perspective what Labour has accomplished.  The table looks at elections over the past 50 years.  This table UNDERSTATES the Labour comeback, because the exit poll suggests a 3-5 point Labour loss.

In 45 days Labour has gone from down 20 to down 3.  It is without question the largest general election comeback anyone has ever seen.  

I will be updating my count tonight, and will put up a live blow.

Update:  The first two results: from Sunderland and Newcastle suggested the exit poll was looking too good for Labour.  More recent seats have suggested it was right.

It needs to be emphasized that a small swing could easily switch 20 seats.  England counts all the votes in a seat, and as a result it takes much longer to get a sense of how the result.  Polls closed at 10 BST, and 2 hours later less than 10 results are known.