Page "Politics of the United Kingdom" Paragraph 92

The Liberal Party was one of the two dominant parties ( along with the Conservatives ) from its founding until the 1920s, when it rapidly declined and was supplanted on the left by the Labour Party, which was founded in 1900 and formed its first government in 1924.

Since that time, the Labour and Conservatives parties have been dominant, with the Liberal Democrats also holding a significant number of seats and increasing their share of the vote in parliamentary general elections in the four elections 1992.