At long last, Theresa May Resigned. Her own incompetence did her in.

It's finally happened. Theresa May has announced her departure from 10 Downing Street. In a speech this morning following a meeting with Sir Graham Brady, the chair of the 1922 Committee of Tory backbenchers, the prime minister said she would stand aside on Friday 7 June, with the process to select a new Conservative party leader starting the following week. Fighting back tears, she said:

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