Brexit Imbroglio : Theresa May Resigns, To Stay On Until New Leader Is Elected

British Prime Minister Theresa May has formally resigned as the leader of the ruling Conservative Party, paving the way for a keen contest to decide a new premier who will take charge of the United Kingdom’s tough divorce negotiations with the European Union.

According to a report by PTI, May, who had stepped down amid mounting pressure over her repeatedly defeated Brexit deal, will continue as acting prime minister until the party has elected her successor, who will then take charge as the premier.

May, 62, handed in her private resignation letter to the backbench 1922 Committee, two weeks after announcing her intention to leave, the BBC reported.

The committee said it was now inviting nominations from those Conservative MPs “who wish to stand for election as the next party leader”.