Theresa May prepares to take over as Brexit PM

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LONDON: File photo taken on June 27, 2016 shows British Home Secretary Theresa May arriving for a cabinet meeting at 10 Downing Street. Theresa May is set to become Britain’s next prime minister after her only rival pulled out in a dramatic twist Monday as turmoil sweeps the political scene following the Brexit vote. INP PHOTO

British Prime Minister David Cameron steps down on Wednesday and Theresa May prepares to take his place following a momentous referendum to leave the European Union that has sent shockwaves around the world.
Cameron will hold his final weekly question and answer session in parliament before tendering his resignation to Queen Elizabeth II at Buckingham Palace.
The monarch will then call on May to form a government and the newly-anointed prime minister will make a statement outside her new Downing Street residence.
European leaders have asked the government to move quickly to renegotiate its relationship with the EU but May has indicated she will not be rushed into triggering the formal procedure for Brexit.
The 59-year-old, who will become Britain’s second female prime minister after Margaret Thatcher, also has to attempt to bridge Conservative Party divisions and deal with a potential economic downturn.
Her other daunting challenges include keeping pro-EU Scotland from bidding for independence in order to stay in the 28-nation bloc and weaving new global trade and diplomatic alliances to prepare for a post-Brexit future.