Having narrowly lost the election to be the Mayor of London the Labour candidate Ken Livingstone took to the stand to concede defeat and thank his supporters.
In what was perhaps a typical Livingstonian move he used the opportunity to attackl the Conservatives election record and perhaps even managed to steal a little of the limelight awat from the victorious Boris Johnson.
Speaking after the new Mayor's acceptance speech Mr Livingstone dramatically announced his retirement from electoral politics.
Mr Livingstone suggested that Mr Johnson may have sealed the succession as next Conservative leader with his victory today.He also joked that the mayoral result might have spoiled David Cameron's supper.
Thanking supporters, activists and Mr Miliband for their help with a "gruelling" campaign, he said: "I am truly sorry I couldn't pull this victory off, but I am incredibly proud of our team and its incredibly hard work."And he ended with a warning for the future unless Labour wins back power in 2015: "Today's teenagers are the first generation of English men and women who face a worse prospect than their parents."This is because the aggressive free-market agenda set by the Tory Party 30 years ago has failed to deliver the sound economy they promised. Osborne pushing us back into a double-dip recession merely confirms it."He added: "London is the most amazing city but our children must be able to find homes and jobs in it, as they must in the rest of Britain."The gains that Labour has made today are a big stride towards achieving that under Ed Miliband at the next general election."