Former Chancellor Philip Hammond will resign as deputy after announcing that he will not run in the December 12 general election.
He posted on Twitter: "It is with great sadness that I announce today my decision to step down as a member of Parliament for Runnymede & Weybridge in the upcoming general elections."
It is with great sadness that I announce today my decision to leave the post of Member of Parliament by Runnymede & Weybridge at the next general election.
My letter to the constituents I served 22 years ago: pic.twitter.com/KW8KUOhM5I
– Philip Hammond (@PhilipHammondUK) November 5, 2019
Hammond served as Chancellor of Theresa May, but resigned hours before Boris Johnson succeeded as prime minister.
He was later expelled as a Conservative MP – Johnson's removal of the Conservative whip – after voting to block a Brexit without agreement.
Last month, Hammond told Sky News that he intended to remain in the next general election as an independent candidate if he did not have his conservative whip restored.
However, in a letter to his voters on Tuesday, Hammond explained that he could not present a "direct challenge" to conservatives in the December 12 poll.
He wrote: "The Conservative Party I served has always had room for a wide range of opinions and has tolerated disagreement.
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"Many parliamentary colleagues have defied the party whip on a few occasions without any action being taken against them.
"But, sad as it is with the loss of the whip, and as much as I believe we should surrender Brexit through a broad trade agreement with the EU to protect British jobs and prosperity, I am still a conservative and I cannot therefore embark on a course of action that would pose a direct challenge in a general election for the party I supported all my adult life. "
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Hammond was among 21 rebel lawmakers who removed the Conservative's whip by the prime minister in September.
Ten of them had their whip restored last week, but Hammond was not in the group after voting against Johnson's proposed House of Commons schedule to approve his deal with Brexit.
Over the weekend, it was reported that Hammond had signaled in talks with the prime minister's aides that he would not contest his seat at Runnymede and Weybridge as an independent if he received the whip back in order to retire as a Conservative MP.
Hammond served in the cabinet for nine years from 2010
The Sunday Times also stated that the former cabinet minister was trying to create a "Tory Momentum" campaign – in honor of the activist labor support group of the same name – by setting up a lobby group of young business leaders to change the character of the Conservative party.
In his letter to voters, Hammond added: "I will continue to be an active member of the party and will continue to advocate whatever is necessary to deliver a future negotiated trade and security partnership between the UK and the EU.
"I will also seek to broaden participation in the Conservative Party to include younger people and professionals who support our long-established core values in order to ensure that the Conservative Party of the future is a broad-based, forward-looking party. , pro-business and pro-market center-right party. "
Hammond was first elected as a deputy in 1997 and has served in four cabinet positions under former prime ministers David Cameron and May.
He was one of the wealthiest members of these governments, estimated at over £ 8 million, a wealth he gained from his trade career before entering politics.