It seems that Gordon Brown is about to become a two-time loser. Not only is he going to resign as UK Labour leader; Labour is about to concede defeat - the BBC reports:
A close ally of Gordon Brown has suggested to the BBC that Labour are close to conceding defeat in their efforts to do a deal to stay in power.
The BBC's Nick Robinson said he was told the Lib Dems had decided to back the Tories and Labour would regroup as the only "progressive" party.
It would clear the way for a Lib Dem and Tory deal which would see David Cameron becoming prime minister.
Mr Brown is understood to have spoken by phone to former PM Tony Blair.
He is in his office with his wife Sarah and close allies Lord Mandelson, Ed Miliband, Ed Balls, Douglas Alexander, Alastair Campbell and Sue Nye.
But a Downing Street source said Mr Brown would not announce his resignation until there was an announcement of any deal between Nick Clegg and Mr Cameron.
The Lib Dem and Conservative teams are still in talks at the Cabinet Office - four days after the UK general election resulted in a hung parliament.
Mr Cameron, Conservative leader, met Lib Dem leader Nick Clegg in private for an hour earlier on Tuesday.
Whilst there are significant ideological differences between the Tories and the Lib-Dems, we believe that a Conservative-led government was the only legitimate option after Friday's election result. Gordon Brown LOST the election, and the confidence of the electorate. That surely was the single most decisive result of the election.
And the BBC also reports that a podium is being set up outside 10 Downing Street, and that Gordon the Squatter will make a statement very soon - stay tuned!
UPDATE: The Beeb is reporting that Gordon the Squatter has confirmed that he will resign, and that he is off to Buck House to advise Her Majesty. David Cameron also has an appointment with The Queen.
The reign of UK Labour is officially over - what say you now Philip Ure?