Exit polls predict 'hung Parliament' and possible May defeat by Corbyn in British snap election: report

According to Fox News, exit polls from the United Kingdom's snap election predict that Britain's Conservative party has lost their majority in Parliament, and that Conservative Prime Minister Theresa May could lose her seat to Labour challenger Jeremy Corbyn.

The polls, which were commissioned by the three largest broadcasters in the U.K., predict that Corbyn could be "tantalizingly close to the threshold of Number 10 Downing Street and opens the way for him to form a minority governing coalition with the Scottish nationalists and the Liberal Democrats."

The polls also found that the Conservatives could have lost 16 Parliament seats, putting them at 314 seats and making their majority even slighter. Labour, the country's second-largest party, won an additional 27 seats, and could hold 266.

Read the entire report on the British snap election exit polls via Fox News.