Published: Tue, July 12, 2016
Economy | By Melissa Porter

Theresa May in line to become Prime Minister on Wednesday

Theresa May in line to become Prime Minister on Wednesday

"There will be no attempts to remain inside the European Union, there will be no attempts to rejoin it by the back door, no second referendum", May said.

Britain's Prime Ministe, David Cameron, walks out to make an announcement Monday July 11, 2016, outside No.10 Downing Street, London, after Theresa May secured her place as the United Kingdom's second female prime minister through the surprise withdrawal of her only rival in the battle to succeed him.

Rudd, who helped recruit extras for the 1994 film "Four Weddings And A Funeral" in her youth, became an MP in 2010 after a career in finance.

Other key allies in her campaign have included Karen Bradley, Richard Harrington and James Brokenshire, who all worked with May as Home Office ministers. Cameron led the campaign to remain in the EU.

She has said Britain needs time to work out its negotiating strategy.

Cameron announced Monday that he will resign from Parliament on Wednesday in order to make way for May to take over as the country's next leader. Cameron says it's clear May has "the overwhelming support" of Conservative lawmakers.

May and Leadsom were to contest a ballot of Conservative party members, with the result to be declared by September 9.

Now, May will be invited to form a government by the queen on Wednesday. By late afternoon, Cameron had announced May would be moving into 10 Downing Street within 48 hours.

Leadsom, the energy minister, said she did not believe she had sufficient support within the party to lead a strong and stable government. May supported the Remain camp in the national referendum, but is determined to see through the will of the majority, saying a new relationship will be forged for Britain in the wake of the Brexit vote. But she repeated her new mantra that "Brexit means Brexit", saying there could be no second referendum and no attempt to rejoin the European Union by the back door.

► Leadsom has apologised for her comment directed at May, who has no children, that being a mother was an advantage, in a Times of London interview.

Britain has a new prime minister after Andrea Leadsom announced her exit from the race Monday morning.

The Conservatives aren't the only ones thrown into turmoil by the referendum, which has also sparked a leadership struggle in the main opposition Labour party.

Monday's developments remove the prospect of a drawn-out party leadership battle which might have seen plenty of Brexit blood respilt - fuelling the worldwide financial and political turmoil amid the uncertainty following the referendum.

Labour legislators have passed a no-confidence motion in Corbyn, and many of his top team in Parliament resigned from their jobs to protest his leadership.

The vote between May and Leadsom was supposed to go to the wider Conservative Party of 150,000 people, but being the sole candidate, May sidestepped the party rule. He said there was no need to rerun the election.

May's accession is unlikely to end the political turbulence.

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