UPDATE: Theresa May will be Britain's next Prime Minister, Cameron makes his exit
UPDATE: Theresa May will be Britain's next Prime Minister, Cameron makes exit
Britain's Conservative Party has confirmed that Theresa May has been elected party leader "with immediate effect" and will become the country's next prime minister.
Graham Brady, who heads the committee running the leadership election, says May was confirmed by the party board after her only remaining rival withdrew from the race.
Prime Minister David Cameron has said he will step down on Wednesday and May will immediately replace him.
May, who has been Britain's home secretary for six years, will become the country's second female prime minister.