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Theresa May Resigns Amid Brexit Chaos

UK Prime Minister Theresa May has announced she will resign next month.

The conservative leader has announced she is stepping down as Prime Minister after pressure from both sides of parliament amid the Brexit chaos.

Speaking outside 10 Downing Street on Friday morning local time she said she had done her best to negotiate the terms of the Brexit deal.

"I have done everything I can to convince MPs to back that deal. Sadly I have not been able to do so."

Image: AAP

She said it was within the best interests of the country for there to be a new Prime Minister.

It is and always will remain a matter of deep regret to me that I have not been able to deliver Brexit.

May will formally step down on Friday, June 7th and the process to vote in a new leader of the conservative party will begin in the following week.

She will continue to serve as Prime Minister until the new leader is elected.

The Prime Minister broke down in tears as she finished addressing the press over her resignation.

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

"The second female prime minister, but certainly not the last."

Prime Minister Theresa May addresses the House of Commons. Image: AAP

May, once a reluctant supporter of European Union membership, who won the top job in the turmoil that followed the 2016 Brexit vote, steps down with her central pledges - to lead the United Kingdom out of the bloc and heal its divisions - unfulfilled.

May bequeaths a deeply divided country and a political elite that is deadlocked over how, when or whether to leave the EU.

She said her successor would need to find a consensus in parliament on Brexit.

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May's departure will deepen the Brexit crisis as a new leader is likely to want a more decisive split, raising the chances of a confrontation with the EU and a snap parliamentary election.

The leading contenders to succeed May all want a tougher divorce deal, although the EU has said it will not renegotiate the Withdrawal Treaty it sealed in November.

With AAP.

Contact the author: vgerova@networkten.com.au