The 1923 United Kingdom general election was held on Thursday 6 December 1923. The Conservatives, led by Stanley Baldwin, won the most seats, but Labour, led by Ramsay MacDonald, and H. H. Asquith's reunited Liberal Party gained enough seats to produce a hung parliament. It is the most recent UK general election in which a third party (here, the Liberals) won over 100 seats. The Liberals' percentage of the vote, 29.7%, has not been exceeded by a third party at any general election since.