Britain's Brexit-beaten PM Theresa May announces resignation, to step down on June 7

An emotional British Prime Minister Theresa May on Friday announced that she would resign as the Conservative leader on June 7 "in the best interests of the country" after she failed to win support from party lawmakers for her strategy for the UK's divorce from the European Union.

The embattled prime minister said she would step down as leader of the Conservative Party on June 7, with a leadership contest for a new Prime Minister to kick off the following week starting June 10. She would meanwhile stay on caretaker PM until a new incumbent has been elected by the Tories.

"I will shortly leave the job that it has been the honour of my life to hold," she said.

"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," the 62-year-old May said in an emotional speech outside 10 Downing Street.

The outgoing Prime Minister said she had kept Queen Elizabeth II ...