By Jonathan Davies

Chuka Umunna has announced his candidacy for the position of Labour leader.

Mr Umunna, who served as shadow business secretary during the last government, was widely tipped as one of the candidates, but he becomes the second person to announce he is running after Liz Kendall.

He said that he spoke to Labour MPs and half of the candidates in Conservative constituencies targeted by Labour in the general election before making the announcement.

Announcing his candidacy on Facebook, Chuka Umunna said: "I will be standing for the leadership of the party.

"I think we can and should be winning in seats like Swindon.

"North, south, east, west - we can absolutely do it as a party."

Given his credentials as shadow business secretary, Umunna could give Labour back its business edge. The party has been widely criticised in the fallout from the election for ignoring the middle class and aspiration. Various political commentators recognise the Tories as the pro-business party. And just yesterday (Monday), entrepreneur Lord Sugar announced his decision to quit Labour over its 'negative business policies'.