Prime Minister Theresa May today bowed down to pressure and confirmed her resignation on June 7 after growing calls for her to quit over Brexit. Mrs May fought back tears as she closed her seven-minute speech outside Downing Street, saying she had had “enormous and enduring gratitude to have had the opportunity to serve the country I love”. The Conservative Party leader said she had tried but failed to pass her EU Withdrawal Agreement three times but listed her achievements as tackling race relations and the gender pay gap.
She said: “I negotiated the terms of our exit. I have done everything I can to convince MPs to back that deal. Sadly I have not been able to do so.”
Mrs May has been the second female Prime Minister in UK history since Margaret Thatcher.
Her three-year reign began in July 2016 after David Cameron resigned followed the Brexit referendum.
Her political career has seen her amass a significant sum of money through a large annual salary and the accumulation of two properties.
Spears Magazines estimates her net worth to be £2 million.
Her London home is said to be worth £1 million while her second property in Maidenhead is valued at approximately £600,000.
Her salary is £153,907, as stated in the House of Commons briefing paper for members’ pay and expenses and ministerial salaries 2017/18.
In the last financial year, she earned £75,440 for her ministerial position as the Prime Minister and £76,011 for her MP role.
Prior to becoming Prime Minister, Mrs May was one of the longest-serving Home Secretaries in the UK’s history.
Her resignation will pave the way for a Conservative Party leadership contest starting next week.
The favourite to replace her is currently former Foreign Secretary Boris Johnson.
He leads the race with current odds of 6/4, the bookies say.
The odds for next Prime Minister, according to Paddy Power, are:
Boris Johnson 6/4
Dominic Raab 6/1
David Lidington 9/1
Jeremy Hunt 12/1
Andrea Leadsom 12/1
Michael Gove 14/1
Penny Mordaunt 20/1
Rory Stewart 22/1
Sajid Javid 22/1
Nigel Farage 25/1
Jeremy Corbyn 33/1
Amber Rudd 80/1
Jacob Rees- Mogg 80/1