The Staggers 19 September 2014 Alex Salmond will step down as SNP leader and Scotland's First Minister Scotland's First Minister and the SNP leader will resign following his defeat in the Scottish independence referendum. Alex Salmond will resign. Photo: Getty Sign UpGet the New Statesman's Morning Call email. Sign-up Alex Salmond, Scotland's First Minister and the SNP leader, is to resign following his defeat in the Scottish independence referendum. He will officially leave his position in November, a story George broke on Wednesday. Salmond has announced he won't be seeking nomination at his party's conference that month. Here is his statement: I am immensely proud of the campaign which Yes Scotland fought and of the 1.6 million voters who rallied to that cause by backing an independent Scotland. I am also proud of the 85 per cent turnout in the referendum and the remarkable response of all of the people of Scotland who participated in this great constitutional debate and the manner in which they conducted themselves. We now have the opportunity to hold Westminster's feet to the fire on the "vow" that they have made to devolve further meaningful power to Scotland. This places Scotland in a very strong position. I spoke to the Prime Minister today and, although he reiterated his intention to proceed as he has outlined, he would not commit to a second reading vote by 27th March on a Scotland Bill. That was a clear promise laid out by Gordon Brown during the campaign. The Prime Minister says such a vote would be meaningless. I suspect he cannot guarantee the support of his party. But today the point is this. The real guardians of progress are not the politicians at Westminster, or even at Holyrood, but the energised activism of tens of thousands of people who I predict will refuse meekly to go back into the political shadows. For me right now, therefore there is a decision as to who is best placed to lead this process forward politically. I believe that in this new exciting situation, redolent with possibility, Party, Parliament and country would benefit from new leadership. Therefore I have told the National Secretary of the SNP that I will not accept nomination to be a candidate for leader at the Annual Conference in Perth on 13th-15th November. After the membership ballot I will stand down as First Minister to allow the new leader to be elected by due Parliamentary process. Until then I will continue to serve as First Minister. After that I will continue to offer to serve as Member of the Scottish Parliament for Aberdeenshire East. It has been the privilege of my life to serve Scotland as First Minister. But as I said often during the referendum campaign this is not about me or the SNP. It is much more important than that. The position is this. We lost the referendum vote but can still carry the political initiative. More importantly Scotland can still emerge as the real winner. Although nationalists had increasingly been saying privately that, in the event of a No vote, the deputy leader Nicola Sturgeon should take over from Salmond, this news will come as a surprise to many. His party has a big majority in the Scottish Parliament, which gave him the mandate to demand the referendum in the first place. He is also a very popular politician. Before the result, Salmond said he wouldn’t stand down in the event of a No vote: We will continue to serve out the mandate we have been given and that applies to the SNP always. It applies to me – all of us. And Salmond’s biographer David Torrance commented last year to the Telegraph that it was unlikely the First Minister would have to resign, if the result was a fairly narrow one: If the Yes campaign gets between 35 and 40 per cent of the vote they can point to progress. If Salmond manages that I increasingly think he will hang on as leader and remain as First Minister. . . There will be no real pressure from the party after a No vote . . . Salmond is completely unchallenged because he has won two elections and delivered a referendum. For the party faithful that puts him in the stratosphere. However, it's worth pointing out there is a precedent from the Quebec sovereignty movement. Jacques Parizeau, then premier of Quebec, resigned as leader of his separatist party the day after losing the 1995 independence referendum by just 1 per cent of the vote. › Scottish referendum: why did supposed Yes strongholds vote No? Anoosh Chakelian is the New Statesman’s Britain editor. She co-hosts the New Statesman podcast, discussing the latest in UK politics. Subscribe For daily analysis & more political coverage from Westminster and beyond subscribe for just £1 per month!