It is not my intention to stay on as Deputy Leader of the Labour Party when the new Leader is elected. Therefore, I announced that I am stepping down as Deputy Leader - with my resignation taking effect when the new Leader and Deputy Leader are elected.
Our first priority is to form the most effective, determined opposition we possibly can. People are looking to us to challenge the Tories every step of the way – and we have 232 passionate, committed Labour MPs who are going to do exactly that.
Second, we must remain stable and united as we reflect and begin to rebuild.
Thirdly, we need a proper analysis of our result at this election – a result we were not expecting. I have commissioned a careful exploration of the facts to begin to answer this question.
Fourthly, we will elect our new leader and deputy leader. The leadership election will be held under the new one-person-one-vote rules agreed earlier this year, which will make it the fairest, most inclusive leadership election this party has ever had.
Our challenge now is to use this time to listen and learn, to elect a new Leader and Deputy Leader who will rebuild the Labour Party in order to take the fight to this Tory Government and to stand up for Britain.
The full leadership election timetable, as agreed by the NEC, is as follows:
Friday 15 May Election Period Opens
Monday 8 June PLP Nomination Hustings for Leader
Tuesday 9 June PLP Nomination Hustings for Deputy Leader
Tuesday 9 June PLP Nominations Open
12 noon Monday 15 June PLP Nominations (Leader) Close
12 noon Wednesday 17 June PLP Nominations (Deputy Leader) Close
Wednesday 17 June Hustings period opens
12 noon Friday 31 July Supporting Nominations Close
12 noon Wednesday 12 August Last date to join as member, affiliated supporter, or registered supporter
Friday 14 August Ballot mailing despatched
12 noon Thursday 10 September Ballot closes
Saturday 12 September Special conference to announce result