David Shearer has announced that he is standing down as Labour leader.
He said the reason for his decision was that he doesn’t have the full support of the Labour Party.
He said Labour had not improved in the polls under his leadership and said it was time for someone else to take charge.
Mr Shearer said it was best to step down and give time to a new leader who can take Labour through to victory in 2014.
He said he looked forward to continuing as a member of the Labour Party and as the MP for Mt Albert.
“Whoever becomes the new leader can rely on my full support,” he said.
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