APN News

  • Tuesday, July, 2019| Today's Market | Current Time: 03:36:07
  • British Prime Minister Theresa has officially stepped down as the leader of the Conservative Party but will remain as Prime Minister until her successor is chosen.

    She had announced to resign on 24th of last month. May has stepped down amid mounting pressure over her repeatedly defeated Brexit deal.

    The formal Tory voting process will be triggered on Monday morning, with a new leader expected to be in place the week beginning of July 22.

    May has been Prime Minister for nearly three years since she took over from David Cameron in the wake of the June 2016 Brexit referendum.

    There are so far 11 hopefuls, including frontrunner Boris Johnson with other key contenders being seen as UK foreign secretary Jeremy Hunt and UK environment secretary Michael Gove.

    The UK was originally meant to leave the European Union on 29 March but that was then pushed back to 12 April and eventually 31 October.