The Leaders are, Labour- ED Miliband, Liberal Democrats-Nick Clegg and Nigel Farage of UK Independence Party (UKIP).
It was a shocking night for Labour and Liberal Democrats who formed a coalition with the Conservatives in the last government.
However for Scottish National Party (SNP), it was time for celebration as they claimed a landslide victory in Scotland.
Labour Leader, ED miliband announced his resignation while addressing an assembled audience and said,
"This is not the speech I wanted to give today"
"I take absolute and total responsibility for the result and our defeat at the election"
"Britain needs a strong Labour party"
"Now its time for someone else to take leadership of the party"
Miliband said he has phoned David Cameron to congratulate him.
Nick Clegg
Nigel Farage
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