"Over the past two years, Ming has given stability and purpose to our Party. He has hugely professionalised the working of our Party and led its very successful preparations for the next general election.
"Ming has made this decision - as all his political decisions - in the interest of his Party and Liberal Democracy throughout Britain. Every Liberal Democrat owes Ming a huge debt of gratitude.
"During his time as Leader, Ming has earned the respect, affection and gratitude of the Party. This was reflected in the warmth with which his speech was received by the Party conference three weeks ago. The key message of that speech was that the Liberal Democrats are the only Party with the distinctive, positive vision of a fairer and greener Britain.
"Throughout his political life Ming has campaigned for liberal values and social justice and we will ensure that we build on that legacy."
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