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."

The Conservatives won most seats in a landmark general election but Britain was left Friday with a hung parliament as the party failed to land a knock out blow against Labour prime minister Gordon Brown.Plunged into the kind of political uncertainty the country has not experienced since 1974, Conservative leader David Cameron insisted his centre-left rival had lost his mandate to govern.But the prime minister's key allies indicated Labour, which has ruled since 1997, would try to cling to power by seeking a deal with the centrist Liberal Democrats.

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.