Gordon Brown today announced his resignation as leader of the Labour Party effective this September.
The Labour Party will have its annual conference in Manchester from September 26- 30. If Labour can make a deal with the Liberal Democrats as well as several of the smaller parties then Brown's successor would become Prime Minister.
But if the Tories can reach a deal with the Liberal Democrats then Labour and its new leader will become Her Majesty's Official Opposition.
Now as to who will succeed Brown is the £64,000 question. Here's a list of possible contenders. The Daily Mail believes the Miliband brothers - David and Ed - will have a go at it. A battle between Brown and Tony Blair by proxy if you will.
One possible longshot is Secretary of State for Health Andy Burnham who was my old boss when I interned for Tessa Jowell back in 1995.
But right now the Liberal Democrats still have the keys to 10 Downing Street regardless of who is at the helm of Labour.