United Kingdom’s (Britain)
Theresa May announced her resignation as prime minister on Friday morning,
drawing her turbulent three-year premiership to an abrupt end. She will step
down as Conservative Party leader on June 7. In an emotional speech outside 10
Downing Street, May said she had “done everything” she could to convince
members of Parliament to back the Brexit withdrawal agreement she had
negotiated with the European Union. “I believe it was right to persevere even
when the odds against success seemed high, but it is now clear to me that it is
in the best interests of the country for a new prime minister to lead that
effort,” May said at a hastily arranged press conference.“I will shortly leave
the job that it has been the honor of my life to hold. The second female prime
minister but certainly not the last.”“I do so with no ill will but with
enormous and enduring gratitude to have had the opportunity to serve the
country I love,” May said, her voice shaking. Sterling briefly rose 0.5% to
climb above $1.27 shortly after May’s statement, before paring gains as
investors digested the news. But, she says it was with “deep regret” that she
had ultimately failed to reach a consensus among lawmakers.
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