Rishi Sunak steps down as Conservative Party leader

LONDON:British Prime Minister Rishi Sunak announced his intention to resign as the leader of the Conservative Party following a significant election defeat.

However, Sunak will remain in his position until a successor is appointed.

In a solemn address, he expressed his regret to the nation and acknowledged the voters' clear call for change.

"I will shortly be seeing His Majesty the King to offer my resignation as prime minister to the country. I would like to say first and foremost, I am sorry," Sunak said.

"I have given this job my all but you have sent a clear signal that the government of the United Kingdom must change and yours is the only judgment that matters. I have heard your anger, your disappointment. And I take responsibility for this loss."

In his speech, Sunak also extended his praise to Keir Starmer, the leader of the Labour Party, who is set to become the new prime minister.

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