Cameron: Labour Has Lost Mandate

British television and music mogul Simon Cowell on Wednesday backed opposition Conservative leader David Cameron to win the general election, a day before voters go to the polls."I believe he is the prime minister Britain needs at this time," Cowell wrote in the Sun newspaper."He has substance and the stomach to navigate us through difficult times."The endorsement will be a blow to Prime Minister Gordon Brown, fighting to win a fourth term for his Labour Party, who has often spoken of his fondness for Cowell shows such as "The X Factor" and "Britain's Got Talent."

In January of this year, David Cameron had a problem. Over the past few years his party had grown divided over the UK's membership in the European Union.

Jan. 6 (Bloomberg) -- Prime Minister David Cameron predicted a difficult year for the U.K. economy that will require maintaining the current mix of low interest rates and budget-deficit reduction.

Opposition Conservatives on Friday sought a "comprehensive" power-sharing deal with the small Liberal Democrat party after a knife-edge election left Britain in political limbo.Conservative chief David Cameron made the offer after his party won most seats from Thursday's general election, but fell short of the overall majority needed to definitively end 13 years of Labour rule. "I want to make a big, open and comprehensive offer to the Liberal Democrats. I want us to work together in tackling our country's big and urgent problems," Cameron told a press conference.