Current shadow international development secretary and British Labour Party member Mary Creagh released a statement on Friday announcing her withdrawal from the Labour Party leadership race.
Creagh made the statement on the Guardian newspaper and said that “I am withdrawing from the race to be the leader of the Labour party. I will not be nominating any other candidate, but I am announcing my withdrawal now so that the MPs who have supported me have the opportunity to nominate another candidate, should they wish to do so."
"I am grateful to the people who told me I inspired them to begin their own leadership journeys. I am proud to have played my part in opening up the debate about why Labour lost,” she added.
Creagh criticised former Labour Party leader Ed Miliband saying "the leader's office did not understand business and didn't understand what business needed from government.”
"Labour cannot be the party of working people and then disapprove when some working people do very well for themselves and create new businesses, jobs and wealth," she told the Guardian.
"The next Labour leader will have to show that Labour understands the problems facing the UK's five million self-employed people, sole traders and small businesses.”
Creagh also criticised the Labour Party for not having a detailed economic program for English society and stated this as a reason for their losing the elections.
“[British society] do not trust us to run the economy. Tackling inequality is why the Labour party exists. It’s in our DNA. But the next Labour leader will have to show that Labour understands the problems facing the UK’s 5 million self-employed people, sole traders and small businesses. That understanding must run through our party’s DNA like a golden thread,” she added.
Although Mary Creagh has left the race shadow ministers Andy Burnham, Yvette Cooper and Liz Kendall and member of parliament Jeremy Corbyn remain in the race for the Labour leadership.
The Labour party leadership election started in May, after the resignation of the former leader of the party, Ed Miliband, over his loss in the 2015 general elections.
The general elections were a disappointment for center-left opposition party Labour, which sa,w its previous 258 seats in parliament drop to 232.