Britain: New PM David Cameron as Gordon Brown resigns following agreement between Conservatives and Lib. Democrats

Its David Cameron after Gordon Brown, 59, resigned as both prime minister and leader of the Labour Party less than one week after general elections that ended with a hung parliament.

In front of number 10 Downing Street, London, he announced his resignation. He then met with Queen Elizabeth II at Buckingham Palace who accepted his resignation as prime minister. This officially ended the Labour Party's 13-year hold on power. Brown told reporters outside his Downing Street office, that " I shall advise the Queen to invite the leader of the opposition to seek to form a government. I wish the next prime minister well as he makes the important choices for the future."

The leader of the opposition Conservative Party, David Cameron is set to take office. Cameron earlier held power-sharing talks with Nick Clegg, the leader of the third-placed Liberal Democrats. The Conservatives made an attractive offer of a coalition and a referendum on electoral reform, a key party platform for the Liberal Democrats. Officials from both parties declined to say whether a power-sharing deal had been agreed.

For more: Gordon Brown resigns as Britain's PM | Europe | Deutsche Welle | 11.05.2010