00:00The question my party is asking now is whether I am best placed to lead us into the next general
00:08election.
00:10I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.
00:22Every decision I have taken has been about putting the country I love first.
00:28That is why I will resign as leader of the Labour Party.
00:33I will ask the National Executive Committee of the Labour Party to set out a timetable with nominations opening on
00:40the 9th of July and completed by the summer recess.
00:45In the case of a contest, this will ensure a new leader is in place before Parliament returns in September.
00:53I will remain in post as Prime Minister until the contest is complete.
00:59I will also give my successor my full and unequivocal support.
01:03Thank you very much.
01:05Thank you very much.
01:05Thank you.
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