David Cameron becomes the new British Prime Minister.
ANOTHER UPDATE...Conservative Party leader David Cameron has become the new UK Prime Minister with Nick Clegg, head of the Liberal Democrats as Deputy Prime Minister.
Watch and read about outside 10 Downing Street
UPDATE: Just 25 hours after Gordon Brown stated his intention to resign, he stood outside 10 Downing Street and resigned. As I write, he is in Buckingham Palace tendering his resignation to the Queen. David Cameron is expected to go to the Palace in the next hour and become the new UK Prime Minister.
SHEETAL'S ORIGINAL POST:
British Prime Minister Gordon Brown has just announced he intends to stand down. This follows days of speculation after a general election failed to produce an outright winner.
He says he has no desire to remain in his current position in light of the economic climate and has asked the Labour Party to start a leadership contest.
So after days and weeks of a less than enthusiastic press, and an election where the Labour Party lost support, we'll be taking your reaction to Gordon Brown's decision to stand down.