Swedish PM Kristersson steps down following election defeat

Swedish Prime Minister Ulf Kristersson announced his resignation on Monday following his centre-right coalition's defeat in the country's general election. The decision brings an end to his tenure leading the government and clears the way for a change in Sweden's political leadership.

Left-wing opposition parties, spearheaded by the Social Democrats and their leader Magdalena Andersson, secured sufficient support to command a majority in parliament. The electoral outcome represents a significant shift in Swedish politics after years of centre-right governance under Kristersson's administration.

Andersson is expected to lead negotiations on forming a new government in the coming weeks. The transition marks a return to Social Democratic leadership and signals voters' desire for a policy shift across areas including economic management, labour, and social welfare.

Sweden's election results reflect broader European political trends, with voters reassessing their governments' responses to economic pressures and inflation affecting household finances across the region.