UK election: Labour leader Miliband admits 'disappointing' night, Liberal Dems eviscerated

What was expected to be a very tight election is shaping up to be a pretty clear victory for the ruling Conservative Party and its leader, Prime Minister David Cameron. The Tories will have the largest bloc in the 650-seat Parliament, and may even get a 326-seat majority, according to BBC News projections. The Labour Party will lose seats, mostly because of heavy losses to the Scottish National Party in Scotland. Labour leader Ed Miliband acknowledged the poor showing early Friday:

If it was a bad night for Labour, it was terrible for Liberal Democrats, part of Cameron's governing coalition. Party leader Nick Clegg held on to his seat, but many of his fellow Liberal Democrats did not, including some cabinet ministers. Clegg acknowledged the "cruel and punishing night for the Liberal Democrats," and suggested he might step down as party leader.

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