The UK political system, while technically a multi-party system, has functioned generally as a two-party (sometimes called a "two-and-a-half party") system; since the 1920s the two largest political parties have been the Conservative Party and the Labour Party. Before the Labour Party rose in British politics the Liberal Party was the other major political party along with the Conservatives. Though coalition and minority governments have been an occasional feature of parliamentary politics, the first-past-the-post electoral system used for general elections tends to maintain the dominance of these two parties, though each has in the past century relied upon a third party to deliver a working majority in Parliament. (A plurality voting system usually leads to a two-party system, a relationship described by Maurice Duverger and known as Duverger's Law.) There are also numerous other parties that hold or have held a number of seats in Parliament.
What has the UK political system functioned as?
a two-party (sometimes called a "two-and-a-half party") system