Scottish Labour leader Murphy to resign after electoral wipeout

Jim Murphy, the leader of the Scottish Labour party, has said he will resign next month, announcing his decision just over a week after Labour's crushing election defeat in which it lost all but one of its 41 parliamentary seats in Scotland, The Financial Times reported.

Murphy, one of the many Labour politicians who failed to keep his seat last week, said he would hand in his resignation at a party meeting next month, bearing the consequences of Labour's defeat in Scotland after only five months in the job.

"I will be standing down at the next meeting of the Scottish Labour party's executive," Murphy said at a news conference in Glasgow on Saturday.

Minutes earlier, he had survived a no-confidence vote held by Scottish Labour's executive.

Pressure from within the party for Murphy to resign had grown over the past days as some argued fresh leadership was needed to rebuild Scottish Labour following the disastrous election performance.

Labour's election loss resulted in the resignation of party leader Ed Miliband who took personal responsibility for the party's failed bid to enter government.