Theresa May is set to become the new prime minister (PM) of Britain after Britons voted to leave the European Union last month, a decision which is expected to significantly impact London’s financial services sector.
The Brexit vote sent global financial markets in a turmoil, sending pound to its weakest level in 30 years against the dollar. It has also raised doubts regarding the future of London as a leading financial hub.
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May has been serving as home secretary of the UK since 2010 and supported UK’s EU membership.
“Brexit means Brexit and we are going to make a success of it,” said May, who will succeed David Cameron.
“I am also delighted that Theresa May will be the next Prime Minister. She is strong, she is competent, she is more than able to provide the leadership that our country is going to need in the years ahead and she will have my full support,” Cameron said.
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By GlobalDataMay was left as the only runner in the race after rival Andrea Leadsom withdrew from the contest citing strong support for May.
"Theresa May carries over 60% of support from the parliamentary party, she is ideally placed to implement Brexit on the best possible terms for the British people and she has promised she will do so,” Leadsom said.
