After election humiliation and party division, Labour look for a new hope

The Labour Party will finally select its new leader today, two months after the general election.

Source: 1 NEWS will live stream the announcement of the new leader at 2pm.

The leadership battle kicked off after former leader David Cunliffe called for challengers following the September 20 election, which saw a disastrous result for Labour.

He later decided to pull out of the leadership race.

Fourteen hustings meetings have been held across the country over the last three weeks, as candidates David Parker, Nanaia Mahuta, Grant Robertson and Andrew Little sold their wares to the party faithful.

Electronic and postal voting has been open to party members in that time, with voting closing at midday today.

It's largely seen as a two horse race between Mr Little and Mr Robertson.

A preferential voting system is in place, with members required to number all candidates in preferred order between one and four.

It's widely expected there won't be a winner after the first round of voting, with the result to come down to second preferences.

Mr Robertson is the only candidate to stand on a ticket with a deputy leader - list MP Jacinda Ardern. All other candidates are refusing to say who their preferred choice of deputy is.

After six years of infighting and bickering, all candidates have pledged to unite the party and take a serious look at policies.

The result is expected to be known by 2pm, with the winner to hold a press conference at Parliament.