**UPDATE: ** Theresa May made this statement outside parliament yesterday (July 11) evening, confirming that she will be Britain's 76th Prime Minister.
"I am honoured and humbled to have been chosen by the Conservative party to become its leader.
I would like to pay tribute to the other candidates during the election campaign and I would like to pay tribute to Andrea Leadsom for the dignity that she has shown today.
I would also like to pay tribute to David Cameron for the leadership that he has shown our party and our country.
During this campaign my case has been based on three things. First, the need for strong, proven leadership to steer us through what will be difficult and uncertain economic and political times, the need, of course, to negotiate the best deal for Britain in leaving the EU, and to forge a new role for ourselves in the world. Brexit means Brexit, and we are going to make a success of it.
Second, we are going to unite our country and, third, we need a strong, new positive vision for the future of our country, a vision of a country that works not for the privileged few but that works for everyone one of us. Because we are going to give people more control over their lives. And that’s how, together, we will build a better Britain."
Previously:
Theresa May is set to replace David Cameron as Conservative party leader as early as Wednesday this week, with the handover of power set to be after PM's questions on Wednesday evening.
David Cameron has confirmed the news on Twitter and The 1922 committee is holding discussions with the Conservative Party board to discuss confirming Mrs May as the winner.
Removal vans have been booked to help Mr Cameron move out of his home of six years after the leadership contest, which was scheduled to run until September 9, was abruptly halted at 12.15pm UK time on Monday.
Of course, this means that we have a woman Prime Minister in charge of our country - for the second-time in British politics.
Margaret Thatcher, a fellow conservative, governed the country from 1979 - 1990 and is the current longest-serving British Prime Minister of the 20th century.
Mrs May, 59, who backed staying in the EU, has been home secretary since 2010.
The decision to appoint Theresa was made after Andrea Leadsom, who campaigned to leave the EU, withdrew from the party leader race.
Andrea said the UK needed "strong and stable government" and that Mrs May was "ideally placed" to implement Brexit.
In a speech earlier on this week setting out her leadership campaign platform, Mrs May - who rejected the argument that the next leader of this country needed to be from the 'Leave' camp - said: "Brexit means Brexit and we're going to make a success of it."
**We will bring you more on this story as it comes. **
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