A replacement for Mr Bercow will be elected in due course - with favourites including his deputy Sir Lindsay Hoyle and former deputy prime minister Harriet Harman.
He will also resign as MP for Buckingham - a seat he has held for 22 years - which will be hotly contested in the general election this December.
Mr Bercow announced his intention to stand down from the influential position in September, saying the timing was the "least disruptive and most democratic course of action".
He would have relinquished the role sooner if MPs had supported Boris Johnson's initial attempt for an early general election in September.
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