The newly elected leader of the Liberal Democrats has urged his party to “wake up and smell the coffee” after a series of disappointing general election results. Sir Ed Davey was announced as the party’s new leader after beating fellow MP Layla Moran by more than 17,000 votes. Report by Patelr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn