Jeremy Corbyn has announced he will stand down as Labour leader amid an election horror show for the party. Mr Corbyn, whose party suffered a mammoth defeat by the Tories, has said he will not lead Labour into another election campaign.
The Islington North MP made the announcement on his future in a speech after his Islington North constituency was declared.
He said: “I will not lead the party in any future general election campaign.”
Mr Corbyn has said he will continue to lead the party during a “period of reflection” as Labour decides the direction it should take next.
“I will discuss with our party to ensure there is a process now of reflection on this result and on the policies that the party will take going forward,” he said.
“And I will lead the party during that period to ensure that discussion takes place and we move on into the future.”
The Labour leader had faced mounting pressure as the Tories gained a large majority in the Commons, with Labour haemorrhaging seats.
In his own constituency, he secured a majority, taking 34,603 votes.
Speaking after that announcement he thanked his family and close friends for their support, while he criticised media treatment of those close to him and his party in general.
Moving on to comment on Labour’s performance, set to be it’s worse since 1935, he said: “This is obviously a very disappointing night for the Labour Party, with the result that we’ve got.”
He defended his party’s policies but said Brexit has “overridden so much of a normal political debate”.
“I recognise that has contributed to the result that the Labour Party has received this evening all across the country,” he said.
“The issues of social justice and the issues of needs of people will not go away just because Brexit is dealt with in the way Boris Johnson plans to deal with it at the moment.”
He said he will remain MP for Islington North, stating he is proud to represent the constituency.
Mr Corbyn added: “And I’m proud in Parliament and outside that we will forever continue the cause for socialism, for social justice and for a society based on the needs of all rather than the greed of a few.
“That is what makes our party what it is and I’m very proud of the achievements of our party and the development of its manifesto and its ideas.
“I tell you what, those ideas and those principles are eternal and they will be there for all time.”