Transcript (en)

The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace. Every decision I've taken has been about putting the country I love first. That is why I will resign as leader of the Labour Party. I have spoken to His Majesty the King this morning to inform him of my decision. I will ask the National Executive Committee of the Labour Party to set out a timetable with nominations opening on the 9th of July and completed by the summer recess. In the case of a contest, this will ensure a new leader is in place before Parliament returns in September. I will remain in post as Prime Minister until the contest is complete, and I will do everything I can to ensure an orderly handover of power. I will also give my successor my full and unequivocal support, knowing that they will inherit a Britain that is far stronger and fairer