The ballot saw Labour lose votes heavily, with its share declining to 29.1 percent—a post-war low. Its seat loss would have been higher had not sections of workers in the major urban centres held their noses to cast a vote against the Conservatives and the Liberal Democrats...
National turnout was up from 61.4 percent in 2005 to 64.6 percent. Even so, this is a significant decline on the 71.4 percent turnout in 1997 when New Labour first came to power...
A key factor in these results is the overwhelming dependence of the economies in Scotland, Wales, Northern Ireland, and large parts of the north of England, on the public sector. To some effect, Labour claimed that Cameron’s pledge to immediately take the axe to public spending would “endanger the recovery” and lead to mass layoffs and wage cuts. This also enabled Labour to hold off a potential challenge to its position in inner-city London...
In reality, all the official parties have concealed plans for major cuts that have been drawn up behind the scenes by civil servants. The Independent reported Friday that “Senior Whitehall civil servants have been working on secret options for cuts going far beyond those disclosed by the three main party leaders before the voters went to the polls—despite a backlash from public sector workers...”
http://www.wsws.org/articles/2010/may2010/elec-m08.shtml