Sir 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.
"I set considerable store by having an orderly, business-like, succession unlike the power struggles in the other parties. "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."
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