Theresa May Resigns As British Prime Minister Today

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London: British PM Theresa May will officially resign from her post on Friday, initiating a formal process to find her successor, who will take her position as the next Prime Minister.

May will formally step down as Prime Minister having set the timetable for her Downing Street exit last month. It will then trigger the official phase of the Conservative Party leadership contest from Monday, so far with 11 MPs in the running to succeed her.

Former foreign secretary Boris Johnson remains the frontrunner, but the field is seen as wide open at the moment. During her speech on the steps of Downing Street, May said: “It is, and will always remain, a matter of deep regret to me that I have not been able to deliver Brexit””It will be for my successor to seek a way forward that honours the result of the referendum,” she said. Prime minister May’s resignation date is June 7, but that does not mean that she will leave 10 Downing Street straight away.

The Tory leader will remain the Prime Minister until a replacement has been chosen by the Conservative party. It is possible that the wait for a new Tory leader could be shorter than originally expected, as the 1922 Committee of backbench MPs and the party board decided on new rules for the contest.