Big announcement at 1:30 … Shearer stands down as leader

TV 3 and Twitter are reporting that there may be a change in Labour’s leadership

More details as they come through.

UPDATE

It is confirmed that David Shearer has announced that he will stand down as Labour’s leader after a new leader is selected.  The leadership will now be decided under the Party’s constitution.

[Bunji: stuff are quick to have “contenders” – although does anyone really see Goff coming back?

Rules for vote for Shearer’s replacement will be:

40% caucus

40% members

20% affiliates

So any new leader will take at least a few weeks, and will need the support of the wider party as well as caucus.

Shearer’s Statement

Stuff have a poll for who should be next leader – early days, Jacinda’s ahead.

NZ Herald have Goff & Parker ruling out a tilt.

4pm: both Cunliffe & Robertson have said they will consider running over the next few days, Shane Jones says he’ll have to have a hui to decide whether he’ll put his hand up

FWIW IPredict have Cunliffe 69%, Robertson 30%, Little 5%, Parker (ruled himself out) 5%, Jones 2%, Jacinda 0.3% – yes that adds to way more than 100%…

Little now also saying he’ll take a few days to decide ]

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