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00:00THE ISSUES OF SOCIAL JUSTICE AND THE ISSUES OF NEEDS OF PEOPLE WILL NOT GO AWAY JUST BECAUSE BREXIT IS DEALT WITH IN THE WAY IN WHICH BORIS JOHNSON PRESUMABLY PLANS TO DEAL WITH IT AT THE MOMENT. ALL OF THOSE ISSUES WILL COME BACK CENTER STAGE IN THE DEBATE, AND THE FUNDAMENTAL LABOUR MESSAGE ABOUT JUSTICE AND EQUALITY WITHIN OUR SOCIETY IS GOING TO BE THERE FOR ALL TIME, BECAUSE IT IS THE CORE OF WHAT MY PARTY BELIEVES IN, AND WHAT I WILL ALWAYS ADVOCATE ON BEHALF OF MY CONSTITUENCY AND PARTY. I WANT TO ALSO MAKE IT CLEAR I WILL NOT LEAD THE PARTY IN ANY FUTURE GENERAL ELECTION CAMPAIGN. I WILL DISCUSS WITH OUR PARTY TO ENSURE THERE IS A PROCESS NOW OF REFLECTION ON THIS RESULT AND ON THE POLICIES THAT THE PARTY WILL TAKE GOING FORWARD. I WILL LEAD THE PARTY DURING THAT PERIOD TO ENSURE THAT DISCUSSION TAKES PLACE AND WE MOVE ON INTO THE FUTURE. [APPLAUSE] BECAUSE I AM VERY PROUD OF THE TRUST THAT OUR HALF MILLION MEMBERS PUT IN ME TO LEAD THIS PARTY, I AM PROUD OF THE WAY WE FOUGHT THIS ELECTION CAMPAIGN. WE DID NOT DESCEND INTO THE GUTTER. WE DID NOT UNDERTAKE PERSONAL ABUSE. WE TOOK THE TASK OF GETTING A MESSAGE OF GETTING HOPE AND JUSTICE TO EVERY PART OF THIS COUNTRY. I AM. GRATEFUL TO THE LABOUR -- I AM GRATEFUL TO THE LABOUR PARTY -- I HAVE NOT SPENT AS MUCH TIME HERE AS I WANTED TO, BECAUSE I HAVE SPENT TIME TRAVELING THE COUNTRY TO MAKE SURE THE LABOUR MESSAGE IS PUT IN. I AM PROUD TO REPRESENT THE PEOPLE OF ISLINGTON NORTH, AND WE WILL FOREVER CONTINUE THE CAUSE FOR SOCIALISM, SOCIAL JUSTICE, AND SOCIETY BASED ON THE NEEDS OF ALL RATHER THAN THE GREED OF A FEW. THAT WHAT MAKES OUR PARTY WHAT IT IS. I AM PROUD OF THE DEVELOPMENT OF ITS MANIFESTO AND ITS IDEAS. THOSE IDEALS AND THOSE PRINCIPLES ARE ETERNAL, AND THEY WILL BE THERE FOR ALL TIME. I THANK THE PEOPLE OF ISLINGTON NORTH FOR PUTTING THEIR FAITH AND TRUST IN ME. I WILL WORK AS I ALWAYS HAVE TO REPRESENT AND DEFEND THE PEOPLE OF MY CONSTITUENCY, BECAUSE THEY ARE VERY SPECIAL. I OWE THEM SO MUCH AND THEY HAVE TAUGHT ME SO MUCH. THANK YOU VERY MUCH.

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Jeremy Corbyn Says He'll Stand Down as Labour Party Leader

Jeremy Corbyn said he will stand down as leader of the U.K.'s opposition Labour Party as early results confirmed the exit poll forecast of a big majority for Boris Johnson’s Conservatives. "I will not lead the party in any future general election campaign," Corbyn said before adding that there needs to be "a process of reflection" about Labour’s direction. Corbyn spoke in Islington, London. (Source: Bloomberg)

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