Why is the Pope resigning?

Benedict XVI to step down on 28 February, citing "health reasons".

The Italian state news agency, ANSA, is reporting that Pope Benedict XVI is to resign on 28 February for health reasons due to his "advanced age". He will be the first pope to resign in nearly 600 years, since Gregory XII gave up the throne in 1415 to solve the fact that there were three claimants to the Papacy.

Cardinal Angelo Sodano, the dean of the college of cardinals, called the decision - which was made personally in a speech in Latin by the Pope at a meeting called a consistory - "a bolt from the blue". Benedict XVI is 85 years old, and has been Pope since April 2005. 

Paddy Power is offering odds on where the next pope will come from, with Italy the favourite at 5/4, but both Africa and Canada (yes, a continent being compared to a nation) looking likely at 2/1 and 5/2 respectively. Ladbrokes is offering odds on named successors: 5/2 for Cardinal Peter Kodwo Appiah Turkson, 3/1 for Cardinal Marc Ouellet, 4/1 for Cardinal Francis Arinze, and 6/1 for Cardinal Angelo Scola.

The full text of the pope's resignation reads as follows:

Dear Brothers,

I have convoked you to this Consistory, not only for the three canonisations, but also to communicate to you a decision of great importance for the life of the Church. After having repeatedly examined my conscience before God, I have come to the certainty that my strengths, due to an advanced age, are no longer suited to an adequate exercise of the Petrine ministry.

I am well aware that this ministry, due to its essential spiritual nature, must be carried out not only with words and deeds, but no less with prayer and suffering. However, in today’s world, subject to so many rapid changes and shaken by questions of deep relevance for the life of faith, in order to govern the bark of Saint Peter and proclaim the Gospel, both strength of mind and body are necessary, strength which in the last few months, has deteriorated in me to the extent that I have had to recognise my incapacity to adequately fulfil the ministry entrusted to me.

For this reason, and well aware of the seriousness of this act, with full freedom I declare that I renounce the ministry of Bishop of Rome, Successor of Saint Peter, entrusted to me by the Cardinals on 19 April 2005, in such a way, that as from 28 February 2013, at 20:00 hours, the See of Rome, the See of Saint Peter, will be vacant and a Conclave to elect the new Supreme Pontiff will have to be convoked by those whose competence it is.

Dear Brothers, I thank you most sincerely for all the love and work with which you have supported me in my ministry and I ask pardon for all my defects. And now, let us entrust the Holy Church to the care of Our Supreme Pastor, Our Lord Jesus Christ, and implore his holy Mother Mary, so that she may assist the Cardinal Fathers with her maternal solicitude, in electing a new Supreme Pontiff. With regard to myself, I wish to also devotedly serve the Holy Church of God in the future through a life dedicated to prayer.

From the Vatican, 10 February 2013

BENEDICTUS PP XVI

Pope Benedict XVI, who is resigning on 28 February. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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The continuity between Ed Miliband and Jeremy Corbyn

The left say that the former leader created crucial intellectual and political space for them.

One of the errors in the leaked list ranking Labour MPs by favourability to Jeremy Corbyn was the inclusion of Ed Miliband in the "negative" category. Most in the party believe the former leader is better described as sympathetic to his successor. In recent interviews he has defended his leadership more robustly than many shadow cabinet members and has offered him private advice.

Last year I reported on speculation that Miliband could return to the shadow cabinet (a rumour heard again this week). Those close to the former leader continue to dismiss the possibility but he will appear with Corbyn today at a pro-EU climate change rally in Doncaster - the first time the pair have shared a platform. "Ed's more engaged than he's been for a long time," a friend told me.

Though Miliband did not vote for Corbyn in last year's leadership election (sources say he backed Andy Burnham), there is notable continuity between their political projects. In interviews with me, shadow chancellor John McDonnell and Momentum chair Jon Lansman have spoken of how the former leader created crucial intellectual and political space for the left. Those on the party's right make the same point - if rather less positively. A former shadow cabinet member told me that "the left of the party was indulged for five years and wasn't challenged".

It was under Miliband that Labour first identified as an "anti-austerity" party, with the then leader addressing a 2011 anti-cuts march. Though this stance was later abandoned, as emphasis was put on the need for public spending reductions (with room left to borrow for investment), it provided Corbyn with an opening to exploit.

It was also Miliband who denounced the Iraq war and promised a new approach to foreign policy, declaring in his 2010 conference speech: "Our alliance with America is incredibly important to us but we must always remember that our values must shape the alliances that we form and any military action that we take." His refusal to support the government's proposed intervention in Syria in 2013 was hailed by him as preventing a "rush to war". By promising "a different kind of foreign policy - based on a new and more independent relationship with the rest of the world", and opposing all recent military actions, Corbyn has travelled further down a road taken by Miliband. 

The Labour leader's promise to give greater power to party members similarly follows Miliband's decision to give them the ultimate say over the leadership (the system that enabled Corbyn's victory). Rail renationalisation, limits on media ownership and opposition to privatisation were also stances either fully or partly embraced between 2010 and 2015. 

Many of those who voted for Corbyn backed Miliband in 2010 or joined after being attracted by his radical moments. For them, Corbyn, the only candidate to position himself to Miliband's left from the outset of the contest, was his natural successor. It was these left-leaning members, not Trotskyist entryists, who enabled his landslide victory. 

The continuity extends to personnel as well as policy. Simon Fletcher, Corbyn's director of campaigns and planning (formerly chief of staff), was Miliband's trade union liaison officer, while Jon Trickett, the shadow communities secretary (and key Corbyn ally), was a senior adviser. If Miliband is more open to the Labour leader's project than many other MPs, it may be because he recognises how much it has in common with his own.

George Eaton is political editor of the New Statesman.