Anthony Albanese Unopposed to Lead Australian Labor Party in Opposition

Chris Bowen rules himself out of Labor leadership race

Chris Bowen rules himself out of Labor leadership race

The MP for Sydney electorate Grayndler has gained widespread support from Labor MPs with Senator Penny Wong stating earlier this week that she believes Albanese is the "best person to lead us" and "the best person to take up the fight to Scott Morrison and the Coalition".

Mr Chalmers said he hoped he hadn't let anyone down with his decision.

"But in the end I couldn't be assured of winning", Chalmers said in a statement on Thursday.

Just minutes after Bowen's press conference, Jim Chalmers revealed he was considering running for the top job - but admitted he hadn't made up his mind yet.

Mr Chalmers said he wanted to play a substantial role in "rebuilding, renewing and refreshing" the party after Saturday's "stinging" federal election defeat.

Chalmers spoke to Albanese on Thursday morning.

British Prime Minister Theresa May Gives Teary-Eyed Resignation Speech
Global leaders also weighed in on May's resignation, which followed a series of bungled attempts to win support for a Brexit deal. In her statement, May expressed her "deep regret" that after "doing her best" to enact Brexit , she was unable to do so.

Jim Chalmers pulls out of the leadership race.

But with Albanese coming from the party's left faction, the right faction outside NSW is paying the price for a lack of high profile women in the lower house.

Chris Bowen pulled out of the race on Wednesday while Tanya Plibersek did the same on Monday. Hence I have reached the view that it would be unlikely for me to win the ballot.

The likely next leader of the Opposition Australian Labor Party (ALP) has promised to abandon the "class war" politics that proved costly in the general election.

If there are no further nominations the Labor caucus is expected to meet next week to confirm the leadership team, including deputy leader and senior Senate personnel.

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