Sky's economics and data editor Ed Conway analyses the National Equivalent Vote (NEV) share - an estimate of each party's vote share in the local elections projected into a nationwide vote. The latest estimate, based on over three million votes counted so far, shows that Reform leads with a NEV of 27%, followed by the Conservatives on 20%. Labour is third with 15%, while the Liberal Democrats and Greens each received a 14% share. The NEV estimates were then used to project a redistribution of