Wilhelm von Hackensplat: 'First Past the Post' isn't.
blog.hackensplat.com
blog.hackensplat.com
All votes won't be carried to the final round so this means the winner isn't guaranteed a 50+% share of the vote.
But this really doesn't have any bearing on which, if any, someone in Britain ought to vote for. That the name doesn't really fit doesn't say much at all about the merits of the system itself.