British PM Theresa May said that, she will resign from her position as Prime Minister on 7th of June. This leads to a situation for a contest to select a new prime minister.

She was delivering an emotional speech and said that she had done her best for the Brexit deal and it was a matter of “deep regret” the she could not achieve her goal. “It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit”, admitted Thersa May.

She said that her position as the British Prime Minister had been the “honour” of her life. May said that she will be continuing her services as the PM while a conservative leadership contest takes place for selecting a new Prime Minister.

Her statements shows that May will be in the position of PM at the time of Donald Trump’s UK visit, which is due to be on the starting of June.

She said that she would leave “with no ill will, but with enormous and enduring gratitude to have had the opportunity to serve the country I love”. She was found to be emotional while delivering the speech.

She added that, for delivering the Brexit, the next PM would have to build agreement in Parliament. May said, “Such a consensus can only be reached if those on all sides of the debate are willing to compromise”.

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European Council president Donald Tusk said that the UK and EU agrees to delay Brexit until 31st of October.

Mr Tusk, after speaking about 5 hours at an EU summit in Brussels has said that his “message to British friends” was “please do not waste this time”.

PM Theresa May said that UK will still aim to leave the European Union as soon as possible.

The deal of summit in Beussels in the early hours of Thursday meant Britain will not crash out on Friday without a treaty to smooth its passage. But, if got a clarity regarding when, how or even if Brexit will happen, as May struggles to build support in parliament for withdrawal terms agreed with the EU last year.

Leo Varadkar, the Irish Taoiseach said that UK must now hold European elections in May, or leave on 1 June without a deal.

Theresa May, had earlier told the leaders that she wanted to extend the exit date of UK from this Friday to 30 June, with the option of leaving earlier if her withdrawal agreement was ratified by Parliament.

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PM Theresa May will be meeting Angela Merkel, the German Chancellor and French President Emmanuel Macron on Tuesday to have a discussion for Brexit delay while her ministers hold crisis talks with the opposition to try to break the deadlock in London.

May’s proposal for Britain to leave the EU had been declined already. But, Theresa May is asking for yet more time as she courts veteran socialist Jeremy Corbyn, whose opposition Labour Party wants to keep Britain more closely tied to the bloc after Brexit.

Jeremy Corbyn, ahead of further talks between his team and government ministers have said, “The prime minister has not yet moved off her red lines so we can reach a compromise”.

May is due to visit Berlin and Paris ahead of an emergency EU summit in Brussels on Wednesday. The UK lawmakers are planning to hold a 90-minute debate on her proposal to delay Britain’s EU departure date to June 30 from April 12.

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The talks regarding Brexit deal, with the Government was of no use, says the Britain’s opposition Labour Party. The leaders of the European Union said that PM Theresa May could not convince them, that they should let Britain delay its departure next week.

May had requested to EU for a further delay to Brexit until 30 June. She had submitted a document to Donald Tusk, the President of the European Council regarding this. May had agreed that the country was preparing to take part in elections for the European Parliament in May. On 12th of April, The UK is currently due to leave the EU. No withdrawal deal has been approved by MPs.

The Tory negotiating team had not yet approved any changes to May’s original deal, said Sir Keir Starmer, the shadow Brexit secretary.

“The government will want to agree a timetable for ratification that allows the United Kingdom to withdraw from the EU before 23 May 2019 and therefore cancel the European parliament elections, but will continue to make responsible preparations to hold the elections should this not prove possible”, said May.

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UK Prime Minister Theresa May is expected to have a meet up with the leader of opposition Jeremy Corbyn. May had previously said that said she wanted to work with the Labour leader to break the Brexit deadlock.

May is trying to bring out a modified version of her withdrawal deal with the EU, with the support of Corbyn, so that she can secure the backing of MPs. Jeremy Corbyn said that he wants a customs union and workers’ rights to be priorities.

MPs’ cross party group is expected to have an attempt to push through legislation to stop a no-deal Brexit.

Theresa May had taken the decision to have a meeting with Corbyn after more than seven hours of talks with her cabinet on Tuesday. Brexiteers in her party, including former Foreign Secretary Boris Johnson is seemed to be upset with this deal. Boris Johnson had previously accused her of “entrusting the final handling of Brexit to Labour”.

Jeremy Corbyn had said that he is “very happy” to meet Mrs May and recognised his own “responsibility” to try to break the deadlock.

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MPs’ eight proposed Brexit options were put forward and none of these gets a majority support, which leads to a deadlock continuation in Brexit issue.

Prime Minister Theresa May’ deal were rejected twice and the Parliament was trying to find an alternative for this. The options included were a customs union with the EU and a referendum on any deal – were supposed to help find a consensus over how to leave the EU.

Stephen Barclay, the Brexit Secretary said that the results strengthened ministers’ view their deal was “the best option”. Prime Minister Theresa May had promised to resign from her position as PM if her deal was passed.

In a meeting of Tory MPs , May told that she would leave office earlier than planned if it guaranteed Parliament’s backing for her withdrawal agreement with the EU.

In a meeting of her Conservative MPs May said, I know there is a desire for a new approach – and new leadership – in the second phase of the Brexit negotiations and I won’t stand in the way of that”.

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