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Liberal Democrat leader Sir Vince Cable has announced he will step down in May to make way for a "new generation".

The 75-year-old said that assuming there is not an early general election the contest to succeed him will begin after forthcoming council elections.

Sir Vince, who plans to remain MP for Twickenham, had previously said there would not be a leadership election until "Brexit is resolved or stopped".

In a statement, he said that "it is now clear that Brexit will be postponed, and very possibly stopped" and in an interview with the Daily Mail said that it "looks as if it will be a protracted process, and may never happen".

The announcement comes ahead of the party's spring conference...

Liberal Democrat leader Sir Vince Cable has announced he will step down in May to make way for a "new generation".

The 75-year-old said that assuming there is not an early general election the contest to succeed him will begin after forthcoming council elections.

Sir Vince, who plans to remain MP for Twickenham, had previously said there would not be a leadership election until "Brexit is resolved or stopped".

In a statement, he said that "it is now clear that Brexit will be postponed, and very possibly stopped" and in an interview with the Daily Mail said that it "looks as if it will be a protracted process, and may never happen".

The announcement comes ahead of the party's spring conference...

Liberal Democrat leader Sir Vince Cable has announced he will step down in May to make way for a "new generation".

The 75-year-old said that assuming there is not an early general election the contest to succeed him will begin after forthcoming council elections.

Sir Vince, who plans to remain MP for Twickenham, had previously said there would not be a leadership election until "Brexit is resolved or stopped".

In a statement, he said that "it is now clear that Brexit will be postponed, and very possibly stopped" and in an interview with the Daily Mail said that it "looks as if it will be a protracted process, and may never happen".

The announcement comes ahead of the party's spring conference...

Liberal Democrat leader Sir Vince Cable has announced he will step down in May to make way for a "new generation".

The 75-year-old said that assuming there is not an early general election the contest to succeed him will begin after forthcoming council elections.

Sir Vince, who plans to remain MP for Twickenham, had previously said there would not be a leadership election until "Brexit is resolved or stopped".

In a statement, he said that "it is now clear that Brexit will be postponed, and very possibly stopped" and in an interview with the Daily Mail said that it "looks as if it will be a protracted process, and may never happen".

The announcement comes ahead of the party's spring conference...