David Cameron Is UK's New Prime Minister
He told the waiting media:"On behalf of the whole country I would like to pay tribute to the outgoing Prime Minister for his long record of dedicated public service."
And he added: "I aim to form a proper and full coalition between the Conservatives and the Liberal Democrats.
"Coalition will throw up all sorts of difficulties but I believe that together we can provide that strong and stable government that our country needs."
US President Barack Obama has congratulated him by telephone and Downing Street staff showed Mr Cameron's pregnant wife Samantha around Number 10.
The couple arrived there straight from Buckingham Palace where the Tory leader had accepted the Queen's request for him to form a new government.
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