"I informed the Prime Minister and colleagues of my decision to resign as the Leader-elect of the United Democratic Party. I have come to this decision after careful consideration and consultation with colleagues. While I maintain my innocence of any wrongdoing, bribery, or corruption and the testimony in Utah has confirmed that their was no bribery, I feel that the negative attention being generated by this trial is overtaking my Party and can hurt our chances in the upcoming general elections. I have therefore stepped aside to allow a new leader to be chosen. I thank all those who supported me during the recently concluded Leadership Convention. It is unfortunate, but life is real. Once my name is properly cleared I will resume the work that I love so dearly. I will continue to work with colleagues to ensure victory for our UDP later this year. I will also be happy to continue serving as Minister of National Security once this matter is settled."

So, what does this all mean for the country and for the ruling party? With us in studio to provide answers and insight is News Director Jules Vasquez, who has again been in Belmopan all day following this story: