The Latest: May to step down as party leader on June 7

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The Latest: May to step down as party leader on June 7
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The Latest: Theresa May says she will step down as U.K. Conservative Party leader on June 7.

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

May has bowed to relentless pressure from her party to quit over her failure to take Britain out of the European Union on schedule. Britain is currently due to leave the EU on Oct. 31, but Parliament has yet to approve divorce terms.British Prime Minister Theresa May is meeting a leader of her Conservative lawmakers amid mounting speculation that she is about to announce her departure date.

Pressure on May to quit over her failure to get Parliament’s approval for a European Union divorce deal reached critical point this week as a senior minister quit and several Cabinet colleagues expressed doubts about her Brexit bill.

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