David Miliband will stand for Labour leadership
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Former foreign secretary David Miliband has announced he will run in the Labour leadership contest.
Speaking this afternoon Miliband said he hopes there will be “real contest, with many candidates” vying for the position.
He said he stands for the position with “humility” and “passion”, and a belief that he can lead Labour to “rebuild itself”.
He said: “I will be standing with a deep sense of humility at the responsibility attached to the post, but also great, great passion for the values and beliefs that led me into the Labour Party 27 years ago.”
Miliband said he will formally launch his campaign next week and will begin visiting constituencies that Labour both won and lost in the general election.
Bookmakers William Hill have David Miliband as 2/7 favourite to be the next Labour leader. Brother Ed Miliband is in second place at 5/1, Andy Burnham is at 8/1 and Ed Balls is at 9/1.
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