THERESA May has made a speech outside Downing Street this morning, confirming she will stand down as Prime Minister next month.

Pressure had been building on the leader of the Conservatives after several failed attempts to deliver Brexit.

During her speech, she said it was a 'deep regret' that she had been unable to persuade MPs and she said she would resign on June 7.

She said: "Ever since I first stepped through the door behind me, I have driven to make the UK a country that works not just for the privileged few but for everyone.

"Against all predictions the British people voted to leave the EU. If you give people a choice you have a duty to implement what they decide.

"I have done everything I can to convince MPs to back that deal; sadly I have not been able to do that. It is now clear to me that it is in the best interests of the country for a new PM to lead that effort.

"I am today announcing that I will resign as leader of the Conservative and Unionist Party on Friday, June 7, so that a successor can be chosen."

May spent some time talking about her achievements and warned her successor that compromise would be required going forward.

She added: "I have agreed that the process for electing a new leader should begin in the following week. It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit.

"It will be for my successor to seek a way forward that honours the result of the ref. Such a consensus can only be reached if those on all sides of the debate are willing to compromise.

"I will shortly leave the job that has been the honour of my life to hold. The second female Prime Minister, but certainly not the last.

"I do so with no ill will but with enormous and enduring gratitude, to have had the opportunity to serve the country I love."

Mrs May said she had done 'everything I can' to gain support for her Brexit deal, but said it is now in the 'best interests of the country for a new Prime Minister to lead that effort'.

As she delivered the final words of her speech, she was visibly upset and went back into Downing Street.