British PM Theresa May announces resignation in emotional speech

LONDON, United Kingdom (3rd UPDATE) – British Prime Minister Theresa May on Friday, May 24, announced in an emotional address that she will step down as Conservative leader on June 7 after failing to persuade MPs to support her Brexit deal.

"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.

PM @Theresa_May makes a statement in Downing Street — UK Prime Minister (@10DowningStreet) May 24, 2019


The resignation will signal the formal start of a leadership contest during which May would remain as caretaker prime minister. (READ: May postpones her final Brexit showdown)

"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. –