In arguably the biggest political development of the year, Gordon Brown has effectively announced that, come October of this year, he will no longer be leading the country, nor the Labour Party.
He has not resigned as Prime Minister, and may not do so until October, but in an announcement that will go down well with many, he declared: "I therefore intend to ask the Labour Party to set in train the processes needed for its own leadership election.
"I would hope that it would be completed in time for the new leader to be in post by the time of the Labour Party conference.
"I will play no part in that contest, I will back no individual candidate."
Labour will now begin official talks with the Liberal Democrats about forming a coalition government, but talks between the Lib Dems and the Conservatives are ongoing.
More soon. This is one heck of a bombshell.
The Evening Stanners
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