Hague: "The party comes first"

William Hague has said that "no man is more important than the party" before stepping down as Conservative Party leader.

In a keenly awaited statement outside Conservative Central Office, Mr Hague

said he would step down as leader of the party when a successor can be elected.

His comments came after senior figures in the party including shadow chancellor Michael Portillo urged a period of reflection.

Mr Hague said: "It is vital for leaders to listen and parties to change.

"I believe it is vital the party be given the chance to choose a leader who can build on my work, but also take new initiatives and hopefully command a larger personal following in the country.

"I've therefore decided to step down as leader of the Conservative party when a successor can be elected in the coming months.

"I will continue until that time to carry out the parliamentary and other duties of the leader of the Opposition."

Mr Hague began his brief statement, saying: "Good morning. Well, the people have spoken and just as it is vital to encourage everyone to participate in our democracy, so it is important to understand and respect the result.

"It is important to be clear about the lessons for the Conservative party.

"Some may be for debate in the future, others are already clear.

"The Labour party have won the election and I've already congratulated them on doing so.

"But they have done so without great public enthusiasm.

"The voters have given them the benefit of the doubt.

"But the Government should understand that a second successive failure to deliver would breed great disillusionment and cynicism, not only about the Government but politics in general."