Mr Prescott, 69, who has been MP for the constituency for Hull East for 37 years, made his announcement for at a weekend garden party. Stephen Brady, chairman of the local Labour association said, "John told us he would not be standing again. People paid tribute to his long service. It was an emotional event."
Prescott, recently took up the post of head of the Parliamentary delegation to the Council of Europe. It is suspected he may enter the House of Lords and has been reported that he sold his memoirs for £300,000.
There has also been speculations over who will replace Prescott as an MP. Amongst the people who have been mentioned are Prescott's son David Prescott and Chris Leslie, an aide to Prime Minister Gordon Brown.
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