Championing the “change” delivered by the Labour government since his party won the general election in July 2024, Starmer declared his successor will "inherit a Britain that is far stronger and fairer" than the one he did.
Starmer's envisioned timetable should see a new Prime Minister in No. 10 Downing Street by September, at the latest.
Former Greater Manchester Mayor Andy Burnham, who on Friday secured his return to Westminster by winning the Makerfield by-election, has confirmed he will stand as a candidate to replace Starmer.
Starmer vowed to give his “full and unequivocal support” to whoever becomes the new Prime Minister.
Walking up this street two years ago was the proudest moment of my life. A new Labour government. The first in 14 years. A page in our country's history turned after years of disappointment and despair.
Six years ago, I inherited a Labour Party that was politically, financially and morally bankrupt. I was told, time and time again, that my party was finished.
Ripping out the poison of antisemitism, restoring trust on the economy, defence, and national security.
To build a fairer country, with dignity and respect, where everyone is seen, everyone is valued. Wealth and opportunity for all, not just the privileged few. And look at what we've achieved in just two years.
The biggest improvement in rights for workers and renters in a generation. The biggest uplift in defence spending since the Cold War. Small boat crossings falling, asylum hotels closing, protecting young people from social media, and half a million children being lifted out of poverty because of the choices that I made.
Change promised by a Labour government. Change fought for by a Labour government, change delivered by a Labour government.
The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard the answer of my parliamentary party to that question. And I accept that answer with good grace.
I will ask the National Executive Committee of the Labour Party to set out a timetable with nominations opening on 9 July and completed by the summer recess. In the case of a contest, this will ensure a new leader is in place before Parliament returns in September.
I will also give my successor my full and unequivocal support, knowing that they will inherit a Britain that is far stronger and fairer than the one I inherited two years ago, better prepared for the challenges ahead, and better able to ensure the Labour Party secures a second term in office.
I want to thank the brilliant No. 10 staff and our country's extraordinary civil service, who dedicate their lives to public service.
Thank you very much.
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