Prime Minister Theresa May announced her resignation from outside 10 Downing Street Friday morning, stating she would be officially stepping down in two weeks time.

In her remarks outside the Prime Minister's official residence, Theresa May said she had "done her best", and "everything I can" to deliver Brexit by negotiating a deal with the European Union, but conceded "sadly I was not able to do so".

Saying it was time for a new Prime Minister to lead Brexit, Mrs May said she would be resigning as leader of the Conservative Party on Friday 7th of June, so that a successor could be chosen.

In doing so, the Prime Minister fires the starting gun on a leadership race that has already been run behind closed doors for weeks. The details of her departure mean Mrs May could remain party leader, and hence Prime Minister, for weeks if not months more.