00:00Every decision I've taken has been about putting the country I love first.
00:05That is why I will resign as leader of the Labour Party.
00:11I have spoken to His Majesty the King this morning to inform him of my decision.
00:16I know the question being asked now is not who was best placed to change the Labour Party,
00:24to take us into power and to begin the vital work of improving lives for millions of people.
00:31Those questions have been answered.
00:35The question my party is asking now is whether I am best placed to lead us into the next general
00:44election.
00:46I have heard the answer of my parliamentary party to that question.
00:53And I accept that answer with good grace.
00:57I will remain in post as Prime Minister until the contest is complete.
01:02And I will do everything I can to ensure an orderly handover of power.
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