Cameron warns party against over-confidence

David Cameron cautioned his party on Monday against concluding that the general election was “in the bag” following the Tory victories in the local and European elections.

The winner: David Cameron hails Wales Conservative MEP Kay Swinburne following the party’s strong showing in the principality

But George Osborne, who welcomed his party’s “massive lead” over Labour in the dual elections, will assert on Tuesday that the assumption the Conservatives will take power within a year is a prime factor in reassuring international investors, concerned by the current political chaos.