Britain gets a Conservatives/Lib-Dem power-sharing government after 13 years of Labour rule
It’s official: British Prime Minister Gordon Brown handing over the reins to Conservative leader David Cameron, who won the most votes in last week’s election but failed to net a majority. “I have informed the Queen’s private secretary that it’s my intention to tender my resignation to the Queen,” said Brown. Soon after, Cameron announced he’ll be forming a coalition government with the Liberal Democrats. The Tories are returning to power after 13 years of Labour Party rule. But Cameron admits that this new arrangement will could “pose all sorts of challenges.” Even before the agreement had been made official, rumours that it was coming prompted a one per cent jump in Britain’s sterling currency.