Ed Balls loses seat: Labour woes compounded as Shadow Chancellor beaten by Conservatives

Shadow Chancellor becomes the latest in a series of major Labour casualties

The Shadow Chancellor is waiting with bated breath to find out his fate

Ed Balls has lost his seat in what is the biggest shock of an extraordinary night of election results.

It compounds Labour's woes in a dismal night for Labour, which lost all but one of its Scottish MPs and will undoubtedly lead to Ed Miliband standing down.

The Shadow Chancellor joins a long list of Labour casualties, including Shadow Foreign Secretary Douglas Alexander and Scottish Labour leader Jim Murphy.

It has also been a devastating night for the Liberal Democrats who could end up with as few as eight MPs. Meanwhile, a jubilant David Cameron has celebrated on Twitter as he looks set to return as Prime Minister for a second term, possibly with a narrow majority.

SNP leader Nicola Sturgeon has hailed the election results as a "historic watershed" for the party after it swept the board in Scotland, taking a staggering 56 of 59 seats. One each were taken by the Lib Dems, Labour and the Conservatives