British Prime Minister David Cameron says he will resign Wednesday and formally cede power to Theresa May. May has served as Britain’s home minister since 2010 and will be the second British woman to serve as prime minister. Cameron initially announced he would resign following Britain’s shocking decision to leave the European Union in June. Speaking Monday, Cameron called for continuing a close relationship with Europe.
Prime Minister David Cameron: “I believe it’s in our fundamental national and economic interest to remain very close to the European Union—for trade, for business, for security, for cooperation. So let that be our goal.”