Today's decision is a bitter-sweet moment for English, who made political history last year for the wrong reasons - the first time that the party with the highest share of the vote has not formed the government.
That decision will have caused heartbreak for English after a 27-year career in Parliament.
On election night last year, English stood on the stage at the National Party event with his arms aloft, celebrating the result he had secured for the party.
It was a stark contrast from the night of the 2002 election when English broke down in tears after taking the National Party to 21 per cent.
On September 23 last year, English had also claimed the result gave him a "moral authority" to have first go at forming a government - although Peters later rejected that claim.
That result of 46 per cent (58 seats) later shrank to 44 per cent (56 seats) but National was still ahead of Labour and the Greens' combined tally - albeit by just two seats.
The result followed a gruelling campaign as English, 55, tried to counter what he described as the "stardust" of Labour leader Jacinda Ardern by pushing his own record of strength and stability and hammering at the uncertainty around Labour's tax policy.
Entering Parliament
Bill English first entered Parliament in 1990 at the age of 28 as National MP for the then-Wallace electorate after first working on his family farm in Dipton and then in Treasury after moving to Wellington to be with his wife Mary.
He was one of the so-called "brat pack" of four - English, Nick Smith, Tony Ryall and Roger Sowry. All still spend a summer holiday together.
English was first appointed a minister in early 1996 by then Prime Minister Jim Bolger as Minister for Crown Health Enterprises and Associate Minister of Education.
After the election later that year, he was appointed Minister of Health with NZ First MP Neil Kirton as his associate - a relationship which did not work out.
He remained in that role after Jenny Shipley rolled Bolger, despite English's backing for Bolger. In 1999 he was promoted to the Finance portfolio, working alongside Bill Birch as Treasurer.
Follow the leader
Some of the responsibility for that was put down to the National Party organisation and English was given some time to try to rally the polling. By October 2003 that had not happened and newcomer Don Brash beat him in a leadership contest.
English was kept on the front bench and given the education portfolio, in which he managed to get successive hits on the Labour government.
After the 2005 election, Brash was replaced by John Key and Gerry Brownlee stepped aside as deputy to allow English to take the post.
Although there was initial controversy over English claiming ministerial accommodation allowances for his Wellington home, English rebuilt his reputation as Finance Minister and deputy to Key in the National Governments from 2008 to 2017.
In 2014 he stepped away from the Clutha-Southland electorate he had held since 1990 and became a List MP - a step that signalled he would leave Parliament should National return to Opposition.
Follow the leader ... again
Instead John Key left early and handed English the prime minister's job, telling National's caucus English had the greatest chance of returning National for a fourth term.
Had Ardern been in the top job for Labour when Key left, English might never have taken it on such was the ghost of his 2002 drubbing.
However, National was still polling strongly and Labour under Andrew Little was flailing in the 20s in the polls.
Despite his long history in politics, English still managed to surprise after taking over as leader, trying to show he was not just the boring numbers man he had typecast himself as.
In his first press conference after National elected him leader English did an about-turn on gay marriage - saying in hindsight he should have supported it.
He quoted poetry by Selina Tusitala Marsh on leadership, saying "lead and dig up the diamonds around you".
And he made some policy changes - including going against Key's pledge not to raise the retirement age by releasing policy to increase the superannuation age to 67, phased in from 2037.
The election result would also have given English a mandate to take National in his own direction.
English had promised change during the campaign, saying there was more money available and signalling changes in areas such as the environment and poverty - even pledging to cut child poverty by 100,000.
Housing affordability would also have to be a focus and health was rapidly becoming an area that needed attention.
While Key had lent National his brand of pragmatism and "compassionate conservatism" from 1999 to 2008, much of that was work engineered by English especially in the "social investment" model.
