Vince Cable has revealed he will stand down as leader of the Liberal Democrats in May.
The 75-year-old, who has been leader of the party since 2017, said: “I indicated last year that once the Brexit story had moved on, and we had fought this year’s crucial local elections in 9,000 seats across England, it would be time for me to make way for a new generation.
“So I wanted you, our members, to know that, assuming Parliament does not collapse into an early general election, I will ask the party to begin a leadership contest in May.”
Last year Cable had said he will step down as leader of the Liberal Democrats after Brexit is “resolved or stopped” in a speech outlining plans to allow non-MPs to stand to be his successor.
In a statement, the Twickenham MP said: “I indicated last year that once the Brexit story had moved on, and we had fought this year’s crucial local elections in 9,000 seats across England, it would be time for me to make way for a new generation.
He said he would ask the party to begin a leadership contest in May.
He added: “It has been my great privilege to lead the Liberal Democrats at this crucial time.
“I inherited the leadership after two difficult and disappointing general elections. But I take pride in seeing the party recovering strongly, with last year’s local election results the best in 15 years, record membership and a central role in the People’s Vote campaign.”
Today, MP’s unanimously voted not to back a second referendum!
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