Blair heading for another term, says exit poll

Tony Blair was heading tonight for a historic third term in office – but with a sharply reduced Commons majority of 66, according to a joint BBC-ITV News exit poll.

His 161-seat majority will be slashed, according to the Mori-NOP survey of 16,000 voters in 120 constituencies, with Labour having 356 MPs to the Tories’ 209 .