The latest (13:00 GMT) results from the BBC show an ultra-slim majority for the Conservatives and a pretty fat minority for Labour, neither of which can form a government autonomously. The Lib Dems did worse than they hoped, nevertheless it may very well be their call that'll decide the fate of the country. The good news is that voter turnout was high, according to as yet informal statistics: a healthy sign that the Brits are politically aware and alert.
The last election to result in a hung parliament was in 1974, under Conservative Edward Heath.
Interim results from the UK 2010 election; updated around 13:00 GMT (BBC)
A hung parliament notwithstanding...
'There'll Always Be an England', sings Tiny Tim (source)

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