Conservatives strike a deal with DUP to form UK government

Both parties signed the confidence and supply agreement which will operate till the duration of the parliament.

The Northern Ireland political party, the DUP, has agreed to support the May government on all motions of confidence, Queen's speech, the budget, financial bills, money bills and supply and appropriation legislation and Estimates, as per the statement issued by the government.

Support on other cases by the DUP will be decided as it crops up, the statement reads.

May-led Conservative Party failed to secure majority in the recently concluded snap election in UK, as they are short of eight seats to from the government.

The Conservative party had won 318 seats while the opposition Labour Party bagged 261 seats.

The Scottish National Party (SNP) won 35 seats, the Liberal Democrats 12 and the Democratic Unionist Party 10 in the election.

May, who had inherited her government from former UK PM David Cameron in 2016, called for a snap election but failed to seal a clear victory.

Cameron resigned from his post after the defeat in the Brexit as 52% of people voted for an exit from the European Union (EU).

The DUP has also agreed to support the May government on legislation regards to Britain's exit from EU.

The parties recognised the importance of the agricultural sector of Northern Ireland in the signed agreement.

Welcoming the newly signed deal, PM May said: "I welcome this agreement which will enable us to work together in the interest of the whole United Kingdom, give us the certainty we require as we embark on our departure from the European Union, and help us build a stronger and fairer society at home."

"Time is running short for the parties to come together and reach agreement to re-establish a power-sharing Executive by 29 June. I hope the parties will look beyond their differences and come together with a shared sense of common purpose to serve all communities in the best interests of Northern Ireland. Northern Ireland needs a functioning devolved government at this important time" she added.

After each parliamentary session, both parties would review the aims, principles and implementation of the signed agreement.

Image: Official Facebook page of Theresa May and Arlene Foster.