Keith Vaz has quit as chairman of the Home Affairs Select Committee

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Labour MP Keith Vaz has quit as chairman of the House of Commons Home Affairs Select Committee in the wake of rent boy revelations, saying: "Those who hold others to account must themselves be accountable."

On Tuesday, Vaz indicated he would stand down after publicly apologising to his wife and children for the "hurt and distress" he caused them.

Keith Vaz.

Reports in the Sunday Mirror said that Vaz met male escorts at a flat he owns near his family home in north London last month. They also claimed money was paid into an account used by one of the escorts by a man linked to a charity set up by the MP.

In his resignation statement, Vaz said: "It is in the best interest of the Home Affairs Select Committee that its important work can be conducted without any distractions whatsoever.

Keith Vaz

"I am genuinely sorry that recent events make it impossible for this to happen if I remain Chair. I have always been passionate about Select Committees, having served as either Chair or Member for half of my time in Parliament."

He also said: "I am immeasurably proud of the work the Committee has undertaken over the last nine years, and I am privileged to have been the longest serving Chair of this Committee."

Tim Loughton

Vaz has recommended that Tim Loughton MP, the senior Conservative member, should Chair proceedings.

"I would like to thank my fellow members of the Committee, past and present, for their tremendous support. I would also like to thank the Clerks of the House for the amazing work they have done to strengthen the Select Committee system, we are not quite on par with the United States, but we are getting there," Vaz said.