BREAKING: Theresa May Announces Resignation As Prime Minister

British Prime Minister Theresa May leaves 10 Downing Street for the weekly PMQ session in the House of Commons on 15 May, 2019 in London, England. (Photo by WIktor Szymanowicz/NurPhoto via Getty Images)

British Prime Minister, Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.

In a statement in Downing Street, Mrs May said she had “done my best” to honour the 2016 EU referendum result.

According to her,’’It would remain a matter of “deep regret” that she had been unable to deliver Brexit’’.

She noted that a new PM was “in the best interests of the country”.

Mrs May said she will continue to serve as prime minister while a Conservative leadership contest takes place.

She will step down as Tory leader on 7 June and a leadership contest is due to begin the following week.