Sky's economics and data editor Ed Conway analyses the National Equivalent Vote (NEV) share - an estimate of each party's vote share in the local elections projected into a nationwide vote.
The latest estimate, based on over three million votes counted so far, shows that Reform leads with a NEV of 27%, followed by the Conservatives on 20%. Labour is third with 15%, while the Liberal Democrats and Greens each received a 14% share.
The NEV estimates were then used to project a redistribution of each party's seats in the Commons, and the result is a hung parliament, with no single party able to pass the threshold of 326 seats required for an overall majority.
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