Rishi Sunak has said he takes responsibility for the brutal loss in the General Election as he resigned as Prime Minister and Conservative Leader.
The Prime Minister appeared outside Downing Street thanking staff and Conservative candidates.
Sunak also confirmed he would stand down as Conservative Party leader when “arrangements are in place.”
After stepping out onto a drizzly Downing Street, he said: “I will shortly be seeing His Majesty the King to offer my resignation as Prime Minister.
“To the country, I would like to say first and foremost, I am sorry. I have given this job my all, but you have sent a clear signal that the Government of the United Kingdom must change. And yours is the only judgment that matters.
“I have heard your anger, your disappointment, and I take responsibility for this loss.”
He added: “Following this result I will step down as party leader – not immediately, but once the formal arrangements for selecting my successor are in place.
“It is important that after 14 years in government the Conservative Party rebuilds, but also that it takes up its crucial role in opposition professionally and effectively.”