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Boris Johnson celebrates 'historic' victory in UK as projected results point to landslide for Conservatives

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Socialist Jeremy Corbyn announced he will step down as leader of the opposing Labour Party

Boris Johnson (Leon Neal/Getty Images)

British Prime Minister Boris Johnson gave a celebratory speech early Friday morning after projections appeared to show a landslide victory for his Conservative Party.

Rival Labour Party leader and longtime socialist Jeremy Corbyn announced he would not lead his party into another general election as results continued to pour in, after what he called a "very disappointing night."

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