Sir Menzies resigns as Lib Dem leader

Sir Menzies Campbell has resigned as leader of the Liberal Democrats, with his former deputy Vince Cable taking over until a replacement is elected.

Sir Menzies said in his letter of resignation: "It has become clear that following the Prime Minister's decision not to hold an election, questions about leadership are getting in the way of further progress by the party.

"Accordingly, I now submit my resignation as leader with immediate effect."

Party president Simon Hughes said a detailed election timetable will be announced on Tuesday.

Speculation had been growing over Sir Menzies' prospects in the top job after poor opinion poll ratings and public performances.

The Lib Dems slumped to 11 per cent support in the latest polls, prompting widespread discontent among MPs.

Mr Hughes said in a statement: "Ming Campbell has this evening submitted his resignation as the Leader of the Liberal Democrats with immediate effect.

"Over the past two years, Ming has given stability and purpose to our Party. He has hugely professionalised the working of our Party and led its very successful preparations for the next General Election.

"Ming has made this decision - as all his political decisions - in the interest of his Party and Liberal Democracy throughout Britain. Every Liberal Democrat owes Ming a huge debt of gratitude.

"Vince Cable, our deputy leader will take over as party leader until a new leader is elected according to our rules. The detailed election timetable will be announced tomorrow."

Mr Cable said: "During his time as Leader, Ming has earned the respect, affection and gratitude of the party.

"This was reflected in the warmth with which his speech was received by the party conference three weeks ago.

"The key message of that speech was that the Liberal Democrats are the only party with the distinctive, positive vision of a fairer and greener Britain.

"Throughout his political life Ming has campaigned for liberal values and social justice and we will ensure that we build on that legacy."

Prime Minister Gordon Brown described Sir Menzies as "a man of great stature and integrity who has served his party and country with distinction".

Charles Kennedy, who was replaced as Lib Dems leader by Sir Menzies, said: "I am sorry that things have ended up for Ming in this way, but know the gratitude felt towards him within the Party.

"I don't doubt he has a valuable ongoing contribution to make to the Liberal Democrats into the future."

© Independent Television News Limited 2007. All rights reserved.