Former Nationals leader Barnaby Joyce has announced he will not seek re-election for the New England seat at the end of his current term. This unexpected decision follows reports that Joyce had been in talks with One Nation regarding a potential party switch.

In a statement, Joyce confirmed, "I will not be standing for New England again but will complete my term as promised at the last election. I will leave with the greatest of love for all and money in the electorate bank account."

Joyce expressed that he is now free to explore various options for his future. He added, "I hope that the members understand the unfortunate position I am in and the obvious action after a period of consideration I must take. I wished I had been given more time to consider this and don’t know the motives of those who put the story out there."

He also conveyed his regret for any hurt his decision may cause, stating, "I am so desperately sorry as to the hurt this may cause and close with the deepest of affection for you all."

Joyce's announcement marks a significant moment in his political career, as he prepares to complete his term while contemplating his next steps. Further developments are expected as the situation unfolds.