Vote Of No Confidence In Theresa May's Leadership Underway Amid Brexit Chaos

Conservative MPs have started voting on the leadership of May as the political firestorm over Brexit continues to escalate.

The vote is currently underway at Westminster, with a result on the fate of Theresa May expected at 8 am AEDT.

A 15 percent threshold for a no confidence vote has been "exceeded" by May's conservative party.

Speaking to reporters on Wednesday, May confirmed House of Commons Chairman Sir Graham Bradey had received 48 letters from conservative MPs in favour of the vote.

"I will contest that vote with everything I've got," May said.

"A change of leadership in the conservative party now will put our country’s future at risk and create uncertainty when we can least afford it."

She said a newly elected leader would not be in place by the January 21 legal deadline, thus risking "handing control of the Brexit negotiations to opposition MPs in Parliament".

Theresa May also reportedly told conservative MPs she will not stand at the next general election. Should May lose the vote of no confidence, former Foreign Secretary Boris Johnson along with former Brexit Secretary Dominic Raab are said to be front-runners to take over the leadership of the party.

A press release from the Brady said the vote is expected to take place between six and eight pm local time (five am and seven am AEDT).

"The votes will be counted immediately afterwards and an announcement will be made as soon as possible in the evening," the statement said.

Earlier this week the Prime Minister called off a crucial Brexit vote amid fears it would be crushed by her own party.

May flew to Brussels for an emergency meeting with the EU in an attempt to renegotiate a deal.

READ MORE: MP's Extraordinary Protest In Wild Brexit Parliament Debate

If May wins the ballot, she will gain immunity from another vote of this nature for 12 months.

The World Reacts To The May Vote

The news of the vote has resulted in many passionate reactions from people all over the world. Some are frustrated by the instability in the Conservative Party, others hope a change in leadership will delay Brexit, while Australians are just thrilled this leadership crisis finally doesn't involve their government.