Having resigned as Labour leader, he will formally stand down as first minister in March.
His successor as first minister will be announced by the Easter recess.
In a statement in the members’ balcony, Mr Drakeford said nominations to elect his successor would open shortly.
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He said it had been a “huge privilege” to lead his party and the Welsh government.
“I have also had the enormous fortune to have played a part in Welsh politics during the first quarter century of devolution,” he said.
“Now it is time to look forward to the next five years across the UK and to the next 25 years of devolution in Wales.”
He said he hoped his successor would have the opportunity to “work with a newly elected Labour government in London”.
Who could succeed Mark Drakeford?
As Mark Drakeford steps aside, attention will inevitably turn to who might succeed him.
Last time Welsh Labour had a leadership election in 2018, Vaughan Gething and Eluned Morgan were the two who missed out in a ballot of its members.
Mr Gething has been economy minister since 2021 and was previously the Welsh government’s health minister during the pandemic.
Ms Morgan has been health minister since 2021 and previously held the roles of minister for mental health and the Welsh language.
Could either by tempted to stand again in a bid to succeed Mr Drakeford?
One name which has been mentioned is Jeremy Miles, the education minister since 2021. Could he decide the time is right for him to stand?
Whoever succeeds Mr Drakeford will be in post by the time of Senedd’s Easter recess and candidates are likely to throw their hats in the ring over the coming days and weeks.
Shadow Secretary of State for Wales, Jo Stevens, said Mr Drakeford had “epitomised public service and public duty throughout his time as first minister”.
“His remarkable stewardship of Wales through the horror of the pandemic being the most obvious example,” she added.
“As Mark ends his term as Welsh Labour leader, I thank him for his leadership, his friendship and his outstanding contribution to Wales.”
Leader of the Welsh Conservatives, the largest opposition party in the Senedd, sent his well wishes to Mr Drakeford.
“While we may have different visions for Wales, I know I’m joined by colleagues in holding a huge amount of respect for his dedication to the job of first minister,” said Andrew RT Davies.
“It’s important, however, with this announcement that there is no distraction from the really important job of delivering for the people of Wales.”
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Rhun ap Iorwerth, leader of Plaid Cymru, which is part of a cooperation agreement with the Labour government in Cardiff, paid tribute to the “tone of his leadership through the pandemic”.
“When he took office, the first minister spoke of the opportunities that came with the position of leading the Welsh government,” he said.
“Regrettably, those opportunities have been squandered, resulting in longer waiting lists, falling educational standards and a stagnant economy.”
Several demonstrators have been detained after rival groups faced off over a hotel accommodating asylum seekers in north London, with police breaking up brief clashes.
The Metropolitan Police has since imposed conditions on the protest and counter-protest outside the Thistle City Barbican Hotel in Islington.
The protest was organised by local residents under the banner “Thistle Barbican needs to go – locals say no”.
The group of several hundred people waved union flags and banners, and one man chanted: “Get these scum off our streets.”
Image: Anti-immigration protesters waved Union Jack flags. Pic: PA
A larger group staged a counter demonstration to voice support for asylum seekers, bearing a banner that read: “Refugees are welcome.”
People inside the hotel, believed to be migrants, watched on, with some waving and blowing kisses from the windows.
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Image: People believed to be asylum seekers waved the hotel windows. Pic: PA
Image: Pro-immigration protesters gathered by the Thistle City Barbican Hotel. Pic: PA
A man wearing an England football shirt was detained by police after getting into an altercation with officers.
There have been nine arrests so far, seven of which were for breaching conditions police put on the protests under the Public Order Act.
Rival groups separated by police
Another protest was scheduled in Newcastle on Saturday, outside The New Bridge Hotel, as anti-migrant sentiment ripples through some communities around the country, also flaring up recently in Epping.
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Last week: Protesters divided over migrant hotels
The counter-protest in London was organised by local branches of Stand Up To Racism, and supported by former Labour leader and Islington North MP Jeremy Corbyn.
Other community groups including Finsbury Park Mosque and Islington Labour Party were also involved.
Groups online that backed the original protest include “Patriots of Britain” and “Together for the Children”.
At one point, a large group of masked protesters dressed in black, calling themselves anti-fascists, appeared from a side street and marched towards the rival group outside the hotel.
The two groups briefly clashed before police rushed in to separate them.
Image: Pic: PA
Image: Supporters of local protest group ‘Thistle Barbican needs to go – locals say no’. Pic: PA
Why are asylum hotels used?
The government is legally required to provide accommodation and subsistence to destitute asylum seekers while their claims are being decided, most of whom are prohibited from working.
A jump in the use of hotels since 2020 has been attributed to the impacts of the COVID pandemic, a backlog in unresolved asylum cases, and an increase in the number of migrants crossing the Channel in small boats.
However, the number of asylum seekers living in hotels has fallen recently, from 38,079 at the end of 2024 to 32,345 at the end of March 2025, according to the Refugee Council.
How police tried to keep groups apart
The police imposed conditions on both groups in London to prevent “serious disorder” and minimise disruption to the community.
Those in the anti-asylum hotel protest were told to remain within King Charles Square, and to gather not before 1pm and wrap up by 4pm.
Those in the counter-protest were to required to stay in an area in Lever Street, and assemble only between 12pm and 4pm, but were still in eye and ear shot of the other group.
Chief Superintendent Clair Haynes, in charge of the policing operation, said: “We have been in discussions with the organisers of both protests in recent days, building on the ongoing engagement between local officers, community groups and partners.
“We understand that there are strongly held views on all sides.
“Our officers will police without fear or favour, ensuring those exercising their right to protest can do so safely, but intervening at the first sign of actions that cross the line into criminality.”
Meanwhile, the protest in Newcastle was promoted by online posts saying it was “for our children, for our future”.
The “stop the far right and fascists in Newcastle” counter-protest was organised by Stand Up To Racism at the nearby Laing Art Gallery.
A man has been remanded into custody charged with child cruelty offences after allegedly lacing sweets with sedatives.
Jon Ruben, 76, of Ruddington, Nottinghamshire, appeared at Leicester Magistrates’ Court on Saturday after youngsters fell ill at a summer camp in Stathern, Leicestershire.
He has been charged with three counts of wilfully assaulting, ill-treating, neglecting, abandoning or exposing children in a manner likely to cause them unnecessary suffering or injury to health.
The charges relate to three boys at the camp between 25-29 July.
Image: The scene in Stathern, Leicestershire. Pic: PA
Ruben spoke only to confirm his name, age and address.
Police received a report of children feeling unwell at a camp being held at Stathern Lodge, near Melton in Leicestershire, last Sunday.
Officers said paramedics attended the scene and eight boys – aged between eight and 11 – were taken to hospital as a precaution, as was an adult. They have since been discharged.
Police said the “owners and operators of Stathern Lodge are independent from those people who use or hire the lodge and are not connected to the incident”.
Leicestershire Police has referred itself to the Independent Office for Police Conduct, after officers initially reported the incident as having happened on Monday, only to later amend it to Sunday.
It is still unclear when officers responded and whether that is why the watchdog referral has been made.
Ruben will next appear at Leicester Crown Court on 29 August.
Addressing the City Academy Voices choir directly, the bishop of Fulham said: “I write to apologise for the distress and offence I caused in bringing the concert to a premature end.
“This should not have happened … I also apologise for remarks which were made in haste, and which have understandably caused hurt and distress.”
Image: The bishop, in his dressing gown, gave the choir a dressing down
Mr Baker had demanded for the performance to stop because it was 10pm – and says he didn’t realise the choir had booked the church until 11pm.
In the statement obtained by Sky News, he added: “I have lived here on site at St Andrew’s for 10 years, for much of which City Academy has rehearsed and performed here.
“You have been, and continue to be, welcome – and I hope that you will be able to continue the relationship with us.
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“I can give you every assurance that the events of Friday evening will not recur, and I apologise again to performers (especially those unable to perform at the end of the evening) and the audience alike.”
Image: The choir performed their last song
The choir was performing to a 300-strong audience in Holborn when the lights were suddenly turned off, with Mr Baker declaring the concert was “over”.
A church employee then asked the crowd to leave quietly and for the musicians to step down from the stage, attracting boos from the audience.
The choir went on to perform one last song, an A cappella version of ABBA’s Dancing Queen, before bringing their show to a close.
One member of the audience, who was attending with his 10-year-old daughter, told Sky News he initially thought the interruption was a staged joke.
Benedict Collins had told Sky News: “This work deserves respect, not to be disparaged as a ‘terrible racket’. The people here had put their heart and soul into it.
“The bishop cut them off in midstream, preventing soloists who had worked their hardest from singing – and preventing the audience, which included people of all ages, from enjoying it to the end.”
The choir told Sky News it was “upsetting” that they were unable to finish their show as planned, but “hold no hard feelings and wish the bishop well”.
A spokesperson added: “If anyone is thinking of joining one of our choirs, the City Academy Voices rehearse on Mondays in central London. Dressing gowns optional.”