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Theresa May set to become Prime Minister

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BRITISH Prime Minister David Cameron is to resign Wednesday, paving the way for Home Secretary Theresa May to take the reins.

She said: "This is less than 25% of the parliamentary party and after careful consideration I do not believe this is sufficient support to lead a strong and stable government should I win the leadership election".

After presenting herself as the unity candidate, Mrs May is expected to offer plum posts to leading figures from both the Remain and Leave camps from the European Union referendum, in which she backed continued membership but kept a low profile.

He will take Prime Minister's Questions on Wednesday and then go to Buckingham Palace and officially tender his resignation and recommend Theresa May for the coveted role.

She also moved to reassure Eurosceptic Tories that "Brexit means Brexit" and that she will pull the country out of the European Union despite being a Remain supporter during the European Union referendum campaign.

Those who campaigned loudly for Brexit, largely on an anti-immigration platform, will be keeping a close eye on May's position given she voted to remain.

'With these changes we don't need to have a prolonged period of transition so tomorrow (Tuesday) I will chair my last cabinet meeting'.

Until Monday, Cameron had been expected to remain in office for another two months, while the two Conservative candidates vying to replace him campaigned for the votes of the party's 150,000-strong membership.

"There is an absurdity in the system that a prime minister can be chosen by people who are supporters of one party when it is in government", CNN political contributor Robin Oakley said.

Conservative leadership contender Andrea Leadsom, issues a statement outside her home in Northamptonshire, England, after a newspaper suggested she was using her status as a mother to gain an advantage over leadership rival Theresa May, Saturday July 9, 2016. She intends to commence negotiations with the EU by the end of the year even though there is mounting pressure from European leaders for Britain to follow through with its decision at the earliest in order to end economic and political uncertainty.

While May supported Britain staying in the bloc, she cut a low profile during the referendum campaign and insists she will honour the popular vote, stressing on Monday: "Brexit means Brexit". She will be the second woman to lead the United Kingdom, the first being Margaret Thatcher in 1979.

The Premier said he appreciated the work Mr Cameron did to support this country and believes Ms May will follow in the steps of Mr Cameron "who has been a true friend to the Overseas Territories and Crown Dependencies, especially when he declared that Overseas Territories should not be considered tax havens".

Britain's opposition Labor Party leader, Jeremy Corbyn also finds himself gripped by post Brexit turmoil.

"It's a reminder that Britain is a constitutional monarchy", he said.

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