While the results of the UK’s national election were still being tallied, Prime Minister Rishi Sunak on Friday morning conceded defeat to his main challenger, Keir Starmer, leader of the Labour Party.

Mr Sunak announced his concession shortly after securing his seat at the House of Commons admitting that the election night turned out to be a “difficult night” for his Conservative Party whose 14-year in power was being upended by Labour’s win.

“The Labour Party has won this general election, and I’ve called Sir Keir Starmer to congratulate him on his victory,” Mr Sunak said in a broadcast early Monday morning.

The outgoing British PM apologised and took responsibility for his party’s loss while assuring that there will be a peaceful transition of power from the Conservatives to Labour.

“Today, power will change hands in a peaceful and orderly manner, with goodwill on all sides. That is something that should give us all confidence in our country’s stability and future,” added Mr Sunak who became prime minister in 2022. “I am sorry. I take responsibility for the loss.”

Results are still pending, but the Labour Party now has the 326 seats needed to take the majority in the British parliament