UKIP has rejected Nigel Farage's resignation and he remains leader, the party has said.
Party chairman Steve Crowther said they would not accept Mr Farage's post-election resignation because the party's "election campaign had been a great success".
The party's National Executive Committee said the party had "fought a positive campaign with a very good manifesto" and "despite negative attacks" had managed to secure four million votes, which it said was an "extraordinary achievement".
Mr Farage, who announced he would step down as promised after failing to win the seat of South Thanet, has now withdrawn his resignation and will continue to lead the party.
In an interview on Sky News earlier this morning, Mr Farage insisted he was leaving and would "take some time out to think about my life".
When he announced his resignation on Friday, Mr Farage recommended that deputy chairman Suzanne Evans should take over until a leadership election was held in September.
He did however leave open the prospect of returning to the role by taking part in that contest after taking the summer off.
Ms Evans tweeted: "Very pleased Nigel Farage is still at the helm. As stated previously, I tried to persuade him to stay and was never actually appointed leader!"
Paul Nuttall, UKIP's deputy leader, told Sky News: "It is the democratic will of the membership.
"We know that the issues that will dominate British politics in the coming years are going to be on UKIP's turf and we believe we have the best man at the helm to take us forward."
Mr Farage had insisted repeatedly before and during the campaign that he had no intention of staying in the job if he failed to win South Thanet.
In his autobiography, The Purple Revolution, he wrote: "The consequences of me failing to secure a seat for myself in the Commons would be significant for both myself and the party.
"It is frankly just not credible for me to continue to lead the party without a Westminster seat.
"What credibility would UKIP have in the Commons if others had to enunciate party policy in Parliament and the party leader was only allowed in as a guest?
"Was I supposed to brief UKIP policy from the Westminster Arms? No - if I fail to win South Thanet, it is curtains for me.
"I will have to step down."
Writing in the Daily Telegraph, Mr Farage explained his decision to withdraw his resignation.
He said: "I decided that as much as I had earned my holidays, as much as I wanted to spend the summer fishing, walking, and of course, in the European Parliament where all hell is currently breaking loose - that I owed it to the party that got me here.
"There are some huge battles about to take place, and as much as I had thought that taking at least the summer off was in my best interests, I realise now that the party comes before me, and indeed, that this country comes before both."
