Opposition leaders to stand down
Published 29/11/2011 | 04:42
The top two leaders of New Zealand's opposition Labour Party have resigned after suffering a heavy election defeat.
Labour party leader Phil Goff and deputy leader Annette King announced they will step down from their leadership roles, effective from December 13.
Mr Goff said five people from the party have expressed interest in taking over the leadership and will be lobbying Labour's senior members over the next two weeks.
The Labour Party won just 27% of the vote in Saturday's general election, its worst result in decades.
The National Party won 48% of the vote, taking 60 of 121 seats. National this week is negotiating a deal with smaller parties to form a new government.
Mr Goff and Ms King said they will stay on as members of parliament.