I have no regrets and shall enjoy my future life Sir Alec Douglas-Home

Some Conservative MPs blame press criticism for their leader's sudden departure after less than two years in office.

Sir Alec said: "I have enjoyed every moment of my political career and it is part of political life that decisions have to be taken."

"I have no regrets and shall enjoy my future life just as I have enjoyed the past few years," he continued.

A new leader should be in place next week, chosen for the first time by a ballot of Conservative Members of Parliament.

Sir Alec implemented a new selection procedure after the discontent following his appointment by the retiring Prime Minister, Harold Macmillan, in 1963.

The two most likely candidates are shadow Foreign Secretary Reginald Maudling and shadow Chancellor Edward Heath.

Commentators claim Mr Maudling has the broadest support within the Tory Party, whilst Mr Heath has alienated some members with his ambition, although his supporters are regarded as younger and more dynamic.

Sir Alec would not name his preferred choice and said he would serve the Conservative Party in any capacity required by the new leader.

The first election is due to take place on Tuesday, with nominations closing on Monday morning.

The winner must have an overall majority and achieve 15% more votes than any other candidate, otherwise another election will be called for Thursday, which will be won simply by a majority vote.

A third ballot will be called on the same day, if the second is inconclusive, when voters must select two choices, in order of preference.

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