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BREAKING: British Prime Minister Theresa May Announces Resignation

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Theresa May
Theresa May

British Prime Minister Theresa May has finally bowed to intense pressure from her own party and named 7 June as the day she will step aside as Conservative leader, drawing her turbulent three-year premiership to a close.

“It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit,” May, her voice breaking with emotion, said in a statement outside her Downing Street residence.

The resignation will signal the formal start of a leadership contest during which May would remain as caretaker prime minister.

“I will resign as leader of the Conservative and Unionist Party on Friday, 7th June,” May said.

“The process for electing a new leadership should begin in the following week,” she said.

The leadership race is expected to take several weeks.

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