The Liberals, who had reunited following the split caused by the continuation of the Wartime coalition, came in second on 23 seats, down five from the previous combined total for their two former factions.

The conservatives were however, well short of majority, with both Labour, led by Ramsay MacDonald, and H. H. Asquith's reunited Liberal Party gaining enough seats to produce a hung parliament.

Rather than trying to bring the Liberals back into government, Asquith's motivation for permitting Labour to enter power was that he hoped they would prove to be incompetent and quickly lose support.

Being a minority, MacDonald's government only lasted ten months and another general election was held in October 1924.

The Combined Scottish Universities elected an additional 3 members to the house using the STV voting method.