London, July 5, 2024 — Conservative Party leader Rishi Sunak has conceded defeat in the recent general election, acknowledging the victory of Labour Party leader Sir Keir Starmer.

In a speech delivered in his constituency on Friday, Sunak expressed his commitment to a peaceful transition of power. "The Labour Party has won the election. I congratulate Sir Keir Starmer on his victory," he stated.

Emphasizing the importance of an orderly transfer of power, Sunak remarked, "The British people have given a clear verdict against us. I take full responsibility for the defeat of the hardworking and honest candidates of my party."

Sunak also reflected on the lessons to be learned from the election results, suggesting that the Conservative Party has much to consider moving forward. He concluded his address by reiterating his respect for the democratic process and the decision of the electorate.