On September 14, local time, Swedish Prime Minister Andersson held a press conference to admit defeat in the 2022 parliamentary election and announced that he would resign as prime minister. In November 2021, the then Swedish Prime Minister Lofven resigned as the leader of the Social Democratic Party and Prime Minister, and the then Chancellor of the Exchequer Andersson became the new leader of the Social Democratic Party and was elected Prime Minister, becoming Sweden's first female Prime Minister.