May: I will resign on 7 June

British PM Theresa May announced today her resignation. In a speech at 10 Downing Street May expressed her regret for not being able to deliver Brexit.

"It is now clear to me that it is in the best interest of the UK for a new PM to lead that effort," she said. "I am today announcing that I will resign as Conservative leader on Friday 7 June. I have agreed with the party chairman that the process for electing a new leader will begin in the following week."

"It is a matter of deep regret that I have not been able to deliver Brexit. My successor will have to find a consensus. Consensus will only be possible if those on both sides of the debate 'compromise'.

"Never forget that compromise is not a dirty word. Life depends on compromise'', May declared. 

Mrs May said she will continue to serve as PM until the Conservative leadership contest is concluded.

A tearful Theresa May says serving as prime minister has been "the honour of my life", saying she is proud to have been the second female leader of the UK

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— BBC Breaking News (@BBCBreaking) 24 May 2019