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Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.
In an emotional statement, she said she had done her best to deliver Brexit and it was a matter of "deep regret" that she had been unable to do so.
May said she would continue to serve as PM while a Conservative leadership contest takes place.
The party said it hoped a new leader could be in place by the end of July.
It means May will still be prime minister when US President Donald Trump makes his state visit to the UK at the start of June.
Asked about the prime minister's announcement, Mr Trump said: "I feel badly for Theresa. I like her very much. She's a good woman. She worked very hard. She's very strong."
Mrs May said she would step down as Tory leader on 7 June and had agreed with the chairman of Tory backbenchers that the contest to replace her should begin the following week.
Foreign Secretary Jeremy Hunt has become the latest MP to say that he will run, joining Boris Johnson, Esther McVey and Rory Stewart. More than a dozen other MPs are believed to be seriously considering entering the contest.
At the start she boasted about not being a creature of Westminster's bars and cliques.
But it meant this very private politician had few true friends to help when things turned sour, and neither the powers of patronage, nor the capability to schmooze or arm twist to get people around to her point of view.
Few of her cabinet colleagues, even now, know her well at all, one saying that "as things got harder the circle got smaller". Another revealed that "there was no trust, and no faith".
Settling the Tories' decades-long dispute over Europe was always perhaps beyond just one leader. But the wounds have got more painful under her leadership, rather than fading away.
In her statement, delivered in Downing Street, May said she had done "everything I can" to convince MPs to support the withdrawal deal she had negotiated with the European Union but it was now in the "best interests of the country for a new prime minister to lead that effort".
She added that, in order to deliver Brexit, her successor would have to build agreement in Parliament.
"Such a consensus can only be reached if those on all sides of the debate are willing to compromise," she said.
In an emotional statement, she said she had done her best to deliver Brexit and it was a matter of "deep regret" that she had been unable to do so.
May said she would continue to serve as PM while a Conservative leadership contest takes place.
The party said it hoped a new leader could be in place by the end of July.
It means May will still be prime minister when US President Donald Trump makes his state visit to the UK at the start of June.
Asked about the prime minister's announcement, Mr Trump said: "I feel badly for Theresa. I like her very much. She's a good woman. She worked very hard. She's very strong."
Mrs May said she would step down as Tory leader on 7 June and had agreed with the chairman of Tory backbenchers that the contest to replace her should begin the following week.
Foreign Secretary Jeremy Hunt has become the latest MP to say that he will run, joining Boris Johnson, Esther McVey and Rory Stewart. More than a dozen other MPs are believed to be seriously considering entering the contest.
At the start she boasted about not being a creature of Westminster's bars and cliques.
But it meant this very private politician had few true friends to help when things turned sour, and neither the powers of patronage, nor the capability to schmooze or arm twist to get people around to her point of view.
Few of her cabinet colleagues, even now, know her well at all, one saying that "as things got harder the circle got smaller". Another revealed that "there was no trust, and no faith".
Settling the Tories' decades-long dispute over Europe was always perhaps beyond just one leader. But the wounds have got more painful under her leadership, rather than fading away.
In her statement, delivered in Downing Street, May said she had done "everything I can" to convince MPs to support the withdrawal deal she had negotiated with the European Union but it was now in the "best interests of the country for a new prime minister to lead that effort".
She added that, in order to deliver Brexit, her successor would have to build agreement in Parliament.
"Such a consensus can only be reached if those on all sides of the debate are willing to compromise," she said.
