Theresa May has announced she will be resigning as Prime Minister on Friday 7th June 2019. It puts an end to a chaotic three-year term marred by her controversial Brexit deal, which has been widely criticised by both sides of Parliament.
In an emotional statement delivered in front of Downing Street, she said: “I have done everything I can to convince MPs to back that deal. Sadly I have not been able to do so.”
"I tried three times. I believe it was right to persevere, even when the odds against success seemed high.
"I have striven to make the UK a country that works not just for a privileged few but for everyone and to honour the result of the EU referendum.
"It will always remain a matter of deep regret to me that I have not been able to deliver Brexit."
Never forget that compromise is not a dirty word.
– Theresa May
May also recalled words of advice given to her by one of her constituents: "Never forget that compromise is not a dirty word. Life depends on compromise."
She broke down in tears as she finished the speech with: "The second female prime minister, but certainly not the last. I do so with no ill will, but with enormous and enduring gratitude to have had the opportunity to serve the country I love."
The news also comes as experts predict the Conservatives will take a huge defeat as voters take to the polls in the European Elections this weekend.
May had been facing mounting pressure to resign, following backlash from her own MPs against her pledged ‘new deal’ on Brexit, which was withdrawn on Thursday.
The Government had dropped plans to publish and vote on the Withdrawal Agreement Bill, triggered by a cabinet revolt and Andrea Leadsom resigning as House of Commons leader on Wednesday.
The Prime Minister had only just clung onto power after Sir Graham Brady - chairman of the 1922 Committee - failed to change rules which would allow a fresh bid to oust her earlier this week.
Who will be the next PM?
The leadership contest for the top job will begin Monday 10th June 2019, and the country can expect to have a new Prime Minister by mid-July.
Boris Johnson is the most likely contender for the job, however, other senior Tory figures, such as Rory Stewart, have already said they will stand.
Dominic Raab, Michael Gove, Esther McVey, Amber Rudd and Sajid Javid are also expected to stand.
Jeremy Hunt is allegedly May's personal choice.
Tory MP Steve Baker admitted on Good Morning Britain he has been 'pressed' by various party members to throw his hat in the ring.
'I'm finding I'm getting emails from across the country telling me that other people can see me as leader of the country," he said.