AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.12 Increased By ▲ 0.07 (1.39%)
CNERGY 4.42 No Change ▼ 0.00 (0%)
DFML 37.72 Increased By ▲ 1.88 (5.25%)
DGKC 91.24 Increased By ▲ 3.24 (3.68%)
FCCL 22.60 Increased By ▲ 0.40 (1.8%)
FFBL 32.95 Increased By ▲ 0.23 (0.7%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 11.08 Increased By ▲ 0.28 (2.59%)
HBL 115.90 No Change ▼ 0.00 (0%)
HUBC 136.05 Increased By ▲ 0.21 (0.15%)
HUMNL 10.01 Increased By ▲ 0.17 (1.73%)
KEL 4.61 No Change ▼ 0.00 (0%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 40.60 Increased By ▲ 0.72 (1.81%)
OGDC 137.90 No Change ▼ 0.00 (0%)
PAEL 26.60 Increased By ▲ 0.17 (0.64%)
PIAA 25.87 Decreased By ▼ -0.41 (-1.56%)
PIBTL 6.77 Increased By ▲ 0.01 (0.15%)
PPL 123.34 Increased By ▲ 0.44 (0.36%)
PRL 26.89 Increased By ▲ 0.20 (0.75%)
PTC 13.96 Decreased By ▼ -0.04 (-0.29%)
SEARL 58.99 Increased By ▲ 0.29 (0.49%)
SNGP 70.22 Decreased By ▼ -0.18 (-0.26%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.60 Increased By ▲ 0.04 (0.47%)
TPLP 11.20 Decreased By ▼ -0.18 (-1.58%)
TRG 64.40 Increased By ▲ 0.17 (0.26%)
UNITY 26.10 Increased By ▲ 0.05 (0.19%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,857 Increased By 19 (0.24%)
BR30 25,564 Increased By 104.4 (0.41%)
KSE100 75,150 Increased By 219.5 (0.29%)
KSE30 24,177 Increased By 31.1 (0.13%)

imageWELLINGTON: New Zealand opposition leader David Cunliffe bowed to mounting pressure and quit as head of the Labour Party Saturday, saying he took responsibility for last week's general election rout.

Cunliffe had faced widespread criticism within the centre-left Labour Party after it won just 24 percent of the vote, its second worst performance in New Zealand political history.

The centre-right National Party of Prime Minister John Key was resoundingly re-elected for a third term with an increased majority to be able to rule for the first time without the need for coalition partners.

Initially Cunliffe refused to step down and take the blame for the defeat, and even in his resignation statement he said he would stand again to seek a fresh mandate to lead the party.

"The party has suffered an historic election loss and in resigning as leader I take responsibility for that," Cunliffe said.

"The party will review all the contributing factors. That process has begun and I give it my full support."

However, Cunliffe also took a swipe at his rivals within the caucus, saying "there is no room for division or airing differences", as local media has feasted on details of ruptures within the Labour Party since last Saturday's poll.

"The party's interests must come before any personal interests. I have thought carefully before responding to the calls to re-offer myself for the leadership of the party," he said.

"Therefore I am announcing today that I will nominate for a primary contest, which will be held across the caucus, the party membership and the affiliates as the party constitution requires."

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.