One of the first reappointments was George Osborne MP who was confimed as Chancellor of the Exchequer as well as first secretary of state .

At the same time Theresa May has been confirmed as home secretary, Michael Fallon returns to his role as  secretary of state for defence and Philip Hammond is once again to hold the post of foreign secretary.

Further appointments will be confirmed shortly including a replacement for Danny Alexander, the chief secretary to the Treasury, the Liberal Democrat MP who lost his seat in the SNP landslide in Scotland and was a key member of the Treasury team in the last coalition government.

The prime minister David Cameron said in a speech following confirmation of his win that the Conservative government would be working for an inclusive Britain.

‘We will govern as a party of one nation, one United Kingdom. That means ensuring this recovery reaches all parts of our country: from north to south, from east to west,’ he said, adding that the majority government would be able to deliver all of its manifesto pledges.

This includes plans to increase the 40% tax rate threshold to £50,000 by 2020 and a commitment not to raise the higher rate tax rate. It has also pledged to continue to raise the tax free allowance to £12,500, while removing those on the minimum wage and earning less than 30 hours a week from income tax.

However, there will be measures hitting the pensions lifetime allowance which will hit those with substantial pension pots. In line with other parties, the Conservatives are also committed to cracking down on abusive tax avoidance and reforming international tax rules, flagged by the recent decision to introduce the diverted profits tax for certain multinationals.  

The final election result after the  650 seats were declared was Conservatives 331, Labour 232, SNP 56, Liberal Democrats 8, UKIP 1, DUP 8, Plaid Cymru 3, Greens 1, Others 18