It's been a bad night for the Tories and Lib Dems in the local elections.

Labour has racked up significant gains in England and Wales as voters seem to have punished the government for its austerity measures.

So far - Ed Miliband's party's gained almost 500 seats and 20 councils

Senior Lib Dem adviser David Laws has warned Labour leader Ed Miliband not to be too smug about the results:

CLIP