BREAKING: BRITISH PRIME MINISTER, THERESA MAY SET TO ANNOUNCE RESIGNATION

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British Prime Minister Theresa May on Friday announced in an emotional address that she will step down as Conservative leader on June 7 after failing to persuade MPs to support her Brexit deal.

ā€œIt is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit,ā€May, her voice breaking with emotion, said in a statement outside her Downing Street residence.

The resignation will signal the formal start of a leadership contest during which May would remain as caretaker Prime Minister.

ā€œI will resign as leader of the Conservative and Unionist Party on Friday, 7th June,ā€ May said.

ā€œThe process for electing a new leadership should begin in the following week,ā€ she said.

The leadership race is expected to take several weeks.

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