British Prime Minister Keir Starmer announced his resignation on Monday morning, nearly two years after his historic victory in the 2024 U.K. general election.In a speech outside Downing Street, Starmer acknowledged that he no longer had the backing of his party.“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,” Starmer said.“Every decision I have taken has been about putting the country I love first. That is why I will resign as leader of the Labour Party,” Starmer continued, adding that he notified King Charles of his decision earlier.Starmer said he would remain in office until his successor is chosen.“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,” he said.Starmer had been under intense pressure to step down following the victory of Andy Burnham, the former mayor of Greater Manchester, in a special election in Makerfield last week. While he had originally defied calls to step down and insisted he would join a potential Labour leadership contest, his statement Monday made clear that he is no longer planning to do so.Burnham, who is widely expected to succeed Starmer as the next leader of the Labour Party and country’s new leader, is scheduled to be sworn in as a lawmaker later Monday.This is a developing story. Please check back for updates.