New Zealand Prime Minister John Key resigns citing family reasons

"This is the hardest decision I`ve ever made and I don`t know what I`ll do next," he said at a press conference. His National Party is set to meet next week to elect a new leader.

According to a report in The BCCI, Bill English is expected to take over until the National Party holds a caucus to choose a new PM.

Mr Key is stepping down at the request of his wife Bronagh, the New Zealand Herald reports.

More to follow...