Boris Johnson has been elected as the UK's Prime Minister after winning the UK's general election by a landslide.

Following his shock win, opposition leader Jeremy Corbyn said he would step down after a "process of reflection." 

According to reports, Conservatives secured 364 of the 650 seats in the House of Parliament, while Labour lagged behind with just 203 seats.

The Liberal Democrats now have 11 seats, while the Scottish National Party has managed to secure 48 seats.

"We did it," Johnson said on Friday morning. "We broke the deadlock, we smashed the roadblock," he told a cheering room. "A new dawn rises on a new day."

"You may only have lent us your vote, you may not consider yourself a natural Tory," Johnson continued. "Your hand may have quivered over the ballot paper before you put your cross in the Conservative box and you may intend to return to Labour next time round. And if that is the case, I am humbled that you have put your trust in me and that you have put your trust in us."

"I, and we, will never take your support for granted," Johnson added.

Johnson said the results mean Brexit will happen by January 1, "no ifs, no buts," and that it has put an end to "all those miserable threats of a second referendum."

Johnson added: "And I say respectfully to our friend in the blue,12-star hat that's it time to put a sock in the megaphone and give everybody some peace," he said. "I will make it my mission to work night and day, flat out, to prove that you were right in voting for me this time, and to earn your support in the future."