Boris Johnson has won the race to become the next mayor of London - ending Ken Livingstone's eight-year reign at City Hall.
The Conservative candidate won with 1168738 first and second preference votes compared with Mr Livingstone's 1028966 on a record turnout of 45%.
He paid tribute to Mr Livingstone and appeared to offer him a possible role in his new administration.
Lib Dem Brian Paddick came third and the Greens' Sian Berry came fourth.
Mr Johnson is expected to stand down as MP for Henley triggering a by-election.
'Exuberant nerve'
In his victory speech he described Mr Livingstone as "a very considerable public servant".
He added: "You shaped the office of mayor. You gave it national prominence and when London was attacked on 7 July 2005 you spoke for London."
Mr Johnson also paid tribute to his "courage and the sheer exuberant nerve with which you stuck it to your enemies especially in New Labour".
FIRST AND SECOND PREFERENCE VOTES
Boris Johnson: 1168738
Ken Livingstone: 1028966



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Mr Johnson told Mr Livingstone he hoped to "discover a way in which the mayoralty can continue to benefit from your transparent love of London".
He said he would work to earn the trust of those that had opposed him or who had hesitated before voting for him.
"I will work flat out to repay and to justify your confidence. We have a new team ready to go into City Hall.
"Where there have been mistakes we will rectify them where there are achievements we will build on them where there are neglected opportunities we will seize on them."
Livingstone 'sorry'
He promised to focus on crime by promoting 24-hour policing transport including promoting cycling green spaces affordable homes and getting value for money for taxpayers.
Mr Johnson's victory crowns the Conservative Party's May Day local election wins in England and Wales.
FIRST PREFERENCE VOTES
Boris Johnson (Tory): 1043761
Ken Livingstone (Lab): 893877
Brian Paddick (Lib Dem): 236685
Sian Berry (Green): 77374
Richard Barnbrook (BNP): 69710
Alan Craig (Christian Choice): 39249
Lindsey German (Left List): 16796
Matt O'Connor (Eng Democrats): 10695
Winston McKenzie (Ind): 5389



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He said he hoped it showed the party had changed "into a party that can be trusted after 30 years with the greatest most cosmopolitan multi-racial generous hearted city on earth".
Mr Livingstone's defeat ended what Gordon Brown called a "bad" day for Labour in which it suffered its worst council results for 40 years.
Asked by the BBC what his views were on the poor Labour showing Mr Johnson said: "The smart thing for Labour to do would be to quietly to remove Gordon Brown and install [Foreign Secretary David] Miliband is my view but I don't think they'll do it." In his speech after the result was declared at City Hall Mr Livingstone thanked the Labour Party for all its help with his campaign.

"There is absolutely nothing that I could have asked from the Labour Party that it didn't throw into this election from Gordon Brown right the way down to the newest recruit handing out leaflets on very wet cold days.
"I'm sorry I couldn't get an extra few points that would take us to victory and the fault for that is solely my own. You can't be mayor for eight years and then if you don't at third term say it was somebody else's fault. I accept that responsibility and I regret that I couldn't take you to victory."
However Justice Secretary Jack Straw said Labour as a whole should shoulder the blame for Mr Livingstone's loss.
He told BBC News: "I disagree with Ken in one particular only that we all share the responsibility for the defeat that he suffered yesterday."
Mr Straw admitted that the row over the 10p tax rate had left some voters "understandably very upset".
The government would get behind Londoners' decision at the polls he added.
Conservative Party leader David Cameron praised Mr Johnson for a "serious and energetic campaign" and said his party was "winning the battle of ideas".
Liberal Democrat candidate Brian Paddick paid tribute to Ken Livingstone as "an amazing mayor" and indicated that he would not be interested in working with Mr Johnson. He said he would be talking to Lib Dem leader Nick Clegg about his future and what he could do for the party.