BREXIT FALLOUT – David Cameron to resign Wednesday as Theresa May takes over

British Prime Minister David Cameron is expediting his departure from 10 Downing Street, paving the way for Home Secretary Theresa May to take the reins and steer the country out of EU.
Theresa May promised to build a “better Britain” and to make the UK’s EU exit a “success” after she was announced as the new Tory leader and soon-to-be PM.

Speaking outside Parliament, Mrs May said she was “honoured and humbled” to succeed David Cameron, after her only rival in the race withdrew on Monday.

Mr Cameron will tender his resignation to the Queen after PMQs on Wednesday.

May was officially named Conservative Party leader and successor to Cameron “with immediate effect” Monday, said Graham Brady, chair of the 1922 Committee, a collection of Conservative members of Parliament key to electing the party leader.

Cameron had already announced he would step down by October after failing to convince the country to remain in the EU in the divisive June 23 referendum that sent shockwaves through Britain’s political establishment.

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But Monday, May’s only remaining rival to replace Cameron — Energy Minister Andrea Leadsom — pulled out of the race following controversy over comments she made about motherhood and leadership.

Obviously, with these changes, we now don’t need to have a prolonged period of transition. And so tomorrow I will chair my last Cabinet meeting. On Wednesday I will attend the House of Commons for Prime Minister’s questions,” Cameron told reporters Monday outside 10 Downing Street.

“And then after that I expect to go to the palace and offer my resignation. So we will have a new prime minister in that building behind me by Wednesday evening.”

The vote between May and Leadsom was supposed to go to the wider Conservative Party of 150,000 people, but being the sole candidate, May sidestepped the party rule.

Cameron welcomed Leadsom’s decision to drop out of the race and said he was confident May would steer the country in the right direction, calling her strong and competent, and offering her his full support.

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