LONDON, England - May 10, 2010 - British Prime Minister Gordon Brown announced on Monday he intended to stand down as Labour leader and his party would hold formal talks on a possible power-sharing deal with the Liberal Democrats.
Brown said he intended to "ask the Labour party to set in train the processes needed for its own leadership contest" but he would "play no part".
In the same statement, Brown said Labour was to hold formal talks with the Liberal Democrats - who are already talking to the Conservatives - on forming a government after Thursday's general election ended in stalemate.
The BBC adds, “He said if the national interest could be best served by a coalition between the Lib Dems and Labour - he said he would ‘discharge that duty to form that government’.”
