Theresa May says she'll quit as Conservative leader June 7

Theresa May announced Friday that will step down as U.K. Conservative Party leader on June 7, sparking a contest to become Britain’s next prime minister.

She will stay as caretaker prime minister until the new leader is chosen, a process likely to take several weeks. The new Conservative leader would then become prime minister without the need for a general election.

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Her voice breaking, May said in a televised statement that she would be leaving a job that it has been “the honor of my life to hold.”

May has bowed to relentless pressure from her party to quit over her failure to take Britain out of the European Union on schedule.

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