Rabitte to resign Labour leadership?

From the Irish Times breaking news report Adds press conference at 3.30pm And you can ignore the question mark.. Adds Politics.ie claims the scoop and has the time-stamp to prove it.

The Labour Party press office has announced that party leader Mr Pat Rabbitte is to make a major announcement at a press conference this afternoon. It has been speculated that the party leader may resign his leadership.

Update Senior Labour Party sources have confirmed to ireland.com that party leader Mr Pat Rabbitte is to resign as party leader this afternoon.

More Pat Rabitte’s resignation statement here and some political reaction here. Further political reaction here