Jeremy Corbyn | KERA News

Jeremy Corbyn

Updated at 10 a.m. ET

After receiving formal permission from the queen, U.K. Prime Minister Theresa May said Friday that she will forge a government after a snap-election gamble that cost her Conservative Party its parliamentary majority.

"I will now form a government," May said in front of No. 10 Downing St. moments after speaking with Queen Elizabeth II, "a government that can provide certainty and lead Britain forward at this critical time for our country."