The prediction suggests a landslide victory, ending 14 years of Conservative rule.
The first exit poll is predicting a Labour landslide.
The poll suggests Sir Keir Starmer's party has won with an estimated overall majority of 170 seats - while the Conservatives, led by Rishi Sunak, look likely to record their lowest seat tally in the party's history.
Sir Keir Starmer's party looks set to secure victory with an estimated 410 seats - equating to an overall majority of 170 - according to the poll by Ipsos UK for Sky News/BBC/ITV News.
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