Conservative leader, David Cameron is now the new British Prime Minister.

The confirmation followed Gordon Brown's resignation Tuesday. It means Conservatives are back in power after 13 years of Labour government.

Conservative leader, David Cameron (L)

At the age of 43, Cameron has become Britain's youngest prime minister in almost 200 years.

David Cameron, British Prime Minister, said, "Her Majesty the Queen asked me to form a new government, and I have accepted."

Cameron says he hopes to form a full coalition government with the third-place Liberal Democrats.

He said that governing within a coalition would be a difficult process, adding that Britain needed to tackle urgent economic issues.

Earlier, Former British Prime Minister Gordon Brown resigned with a brief, emotional statement, ending 13 years of Labour government.

Gordon Brown, Former British Prime Minister, said, "I have informed the Queen's private secretary that it is my intention to tender my resignation to the Queen. I wish the next prime minister well, as he makes the important choices for the future. Only those who have held the office of prime minister can understand the full weight of its responsibilities and its great capacity for good."

Brown's departure follows three successive election victories for his centre-left Labour Party, all of which were won by his predecessor Tony Blair.

The resignation ends five days of uncertainty, after last week's general election left the country with no clear winner. Cameron's Conservatives won the most seats but fell short of a majority, forcing them to compete with Labour for the support of the Liberal Democrats.