Labour Party achieves a sweeping win in the UK election: Live updates.
This is CNBC’s live blog covering the results of the UK’s parliamentary election. Scroll down for real-time updates. LONDON — The UK’s opposition Labour Party is set to win a massive parliamentary majority in the general election, ousting the incumbent Conservatives after 14 years. Early on Friday morning, Labour reached the threshold needed to govern alone as outgoing PM Rishi Sunak conceded defeat. Keir Starmer, leader of the center-left Labour, will become the next prime minister and declared victory in the early hours. “We did it,” he told his Labour colleagues. “You campaigned for it, you fought for it — …