British Prime Minister Keir Starmer announced his resignation Monday morning, following a weekend of speculation over his political future in the aftermath of Andy Burnham’s victory in the Makerfield by-election.

“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,” Starmer said in a televised statement outside Downing Street.

Starmer said he will ask the National Executive Committee of the Labour Party to set out a timetable with nominations for leadership opening on July 9 and completed by the summer recess.

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