Cameron set to head back to Downing Street with 'stunning majority'

British Prime Minister David Cameron is set to return to Downing Street as Labour Party leader Ed Miliband conceded defeat and Tories continue to forge ahead to secure a stunning majority, defying pre-election polls.

Miliband tweeted, "Defeats are hard, but we're a party that will never stop fighting for the working people of this country. I am grateful to the people who worked on our campaign and for the campaign they ran. The responsibility for the result is mine alone," reported the BBC.

The Conservatives have made gains England and Wales, including taking Ed Balls' seat. They have already won 323 seats which gives them a narrow majority.

After claiming victory in Whitney, Cameron struck an inclusive tone by saying that he intended to govern on the basis of governing everyone in the United Kingdom. He also voiced his desire to press ahead with a referendum on Britain's membership of the European Union and to complete the Conservatives' economic plan.