UK Prime Minister Theresa May formally steps down as Conservative Party leader

Newly elected Labour MP Lisa Forbes gives her speech

Theresa May officially steps down as the leader of the Conservative Party on Friday, but will remain as British prime minister until her successor is chosen.

Naturally reserved and reliant on her husband and a few close aides, she often says she is just quietly "getting on with the job".

The final straw came when compromises offered to attract more support for the Brexit deal failed to sway opposition politicians and enraged members of her own party.

The Peterborough election saw the Tories slump to third place, behind victors Labour and the Brexit Party, in a seat which had traditionally been a Conservative-Labour marginal.

Eleven Conservative MPs are vying to replace her as party leader and, ultimately, prime minister, according to BBC.

She survived a no-confidence vote, the resignations of a string of high-profile Brexit supporters, notably former foreign secretary Boris Johnson, and has endured constant sniping from MPs on the sidelines.

"In effect there are only two real political parties now, Leave and Remain, and we could well be seeing a fundamental structural change in our party system as a result", he said.

But Mr Trump used the trip to speak with Mr Johnson and other candidates to replace her, emphasising where the political power in Britain now lies.

She became prime minister in the aftermath of the 2016 Brexit referendum which swept away her predecessor David Cameron. Labour managed to hold the seat by a wafer-thin majority of 683 votes with a candidate who's been accused of anti-Semitism.

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Glees believes that the long-standing tradition of politics in Britain being dominated by a two-party system, Conservative and Labour, has changed as a result of the impasse over Brexit. Further rounds will be held on June 18, 19 and 20 if needed, with the least popular candidate dropping out each time.

The victor of the contest is expected to be announced in the week of July 22.

Other front runners are playing catch up, with the current foreign minister, Jeremy Hunt, and environment minister Michael Gove taking a more moderate stance on Brexit.

Labour Party candidate Lisa Forbes reacts after winning the Peterborough by-election at the KingsGate Centre in Peterborough, Britain, June 6, 2019. To succeed, he or she will have to find consensus in parliament where I have not. But any extension to the October 31 deadline must be approved unanimously by the 27 other European Union leaders - and the bloc is tired of Britain's Brexit melodrama. Even as the Brexit saga has dragged on and the pressure of a potentially disastrous "no deal" Brexit mounted, no European leader has publicly shown an appetite for renegotiating any part of the 585-page text.

Mr Johnson, a leading campaigner in the 2016 referendum who quit the government previous year over Mrs May's plan, is among several would-be candidates who say they are willing to do this.

The letter goes on to say that there has been a "lack of activity and focus" due to the Tory leadership contest.

Most economists and businesses say a no-deal Brexit would cause economic turmoil, imposing obstacles overnight between the United Kingdom and the European Union, its biggest trading partner.

The by-election was called after the previous Member of Parliament, Labour's Fiona Onasanya, was sent to prison for lying over a motoring speeding offence.

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