Ed Miliband resigns following defeat in U.K. election
After a crushing defeat in Thursday's general election, Ed Miliband is stepping down as leader of the U.K.'s Labour Party.
In a speech following the election, Miliband thanked his staff members and "all those people who pounded the streets" to support local candidates. "Britain needs a strong Labour Party that can rebuild after this defeat," Miliband said, adding that he thought that process would be best under new leadership.
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