Nigel Farage resigns as UKIP leader as the party vote rises
Source: bbc.com
Nigel Farage has resigned as leader of UKIP having failed to gain the seat of Thanet South, losing out to Conservative candidate Craig Mackinlay.
But he said he would consider running for the job again when the leadership contest is held in September.
Speaking about his defeat, he insisted he had "never felt happier", with a "weight lifted off his shoulders".
UKIP has won a 13% vote share in the election and has one MP, Douglas Carswell, who held his Clacton seat.
It puts the party in third place behind the Conservatives and Labour in terms of share of the vote.
Mr Farage said the results proved there needed to be a change to the voting system.
"Personally, I think the first-past-the-post system is bankrupt," he said.
Read the rest at: bbc.com