Mr Conway has just issued this statement:

"I have had tremendous support from my local party, my family and friends but have concluded that it is time to step down.
"I stand by what I have said in relation to the report by the Commissioner of Standards and do not wish to add to those comments at this time.
"Since joining the Conservative Party nearly 40 years ago I have had the privilege of serving in public office since 1974 and have done so to the best of my ability.
"I have advised the Chief Whip and the chairman of my local Conservative Association that I shall not seek to continue as the Conservative Party Candidate for Old Bexley and Sidcup at the next election.
"Though not an original supporter of David Cameron for the leadership of my party, I believe that he has shown he has both the ability and the character to be Prime Minister of our country and I do not wish my personal circumstances to be a distraction in any way from the real issues that have to be addressed."

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