David Cameron wins U.K. Conservative leadership race

From the BBC: "David Cameron has been elected as the new Conservative leader by a margin of more than two to one over David Davis. The 39-year-old beat Mr Davis by 134,446 votes to 64,398 in a postal ballot of Tory members across the UK."

We'll have more on this, including analysis of what Cameron's victory means for the Conservative Party and the future of British politics, in the coming days. Check back for updates.