MAY OUT IN JUNE, NEW PM INCOMING. BREXIT GONE CRAZY
London -- Beleaguered British Prime Minister Theresa May announced on Friday that she will resign on June 7, following a mutiny in her Conservative Party over her handling of Britain's withdrawal from the European Union. May met with the leader of a group of hardline Brexit supporters from her party earlier Friday to agree a timetable to stand down and allow a successor to be chosen from amongst the Conservative ranks.
May is expected to continue as caretaker prime minister until her party elects a new leader. That internal election process will begin in the days immediately following her resignation on June 7. The leader of the party automatically becomes the prime minister.