WORLD -- May 10, 2010 at 1:43 PM ET
Prime Minister Gordon Brown to Resign Following Election Defeat
Prime Minister Gordon Brown announces his resignation outside No. 10 Downing St. on Monday. Photo by Matt Cardy/Getty Images.
British Prime Minister Gordon Brown announced his resignation on Monday, just four days after his Labor Party placed a distant second in national elections.
"As leader of my party I must accept that as a judgment on me," Brown said.
The announcement came as both Labor and the Conservative Party were each vying to form a coalition government with the nation's Liberal Democrats. The Conservatives, led by David Cameron, won the most seats in parliament during last week's election but fell short of the outright majority needed to take over No. 10 Downing St.
In his comments Monday, Brown said Liberal Democrat leader Nick Clegg has requested to begin formal talks on a power-sharing agreement with Labor. The prime minister also said he has asked Labor officials to have his successor in place by September.