The race is on to find the next Labour party leader, but we'll have to wait four months to find out the result.
The ruling National Executive Committee has confirmed that those wishing to compete have until 15 June to gain the support of 34 colleagues, or 15 per cent of the party's MPs, and the chosen leader will be announced on 12 September. The party's annual conference will take place two weeks later on 27 September.
Labour's outcome at the General Election was worse than anyone was expecting, securing just 232 after losing out to the SNP in Scotland and failing to take key seats in the rest of the UK. The Conservatives ended up winning a majority government, and this has raised questions within the Labour party about the direction it is going in.
Harriet Harman, who assumed the role of acting leader following Ed Miliband's resignation last week, said the party now needs an “open and honest debate on the way forward”.
"Our challenge now is to use this time to listen and learn, to elect a new leader and deputy leader who will rebuild the Labour Party in order to take the fight to this Tory government and to stand up for Britain."
We don't have the full list of competitors yet, but there are some favourites for the position. Chuka Umunna, Liz Kendall, Yvette Cooper and Andy Burnham have all voiced their intentions to run, and each is considered a likely option.
The deputy leadership role is also up for grabs, since Harriet Harman said she would not seek a second term in the role. Stella Creasy, Tom Watson, Angela Eagle and Caroline Flint are believed to be strong candidates.