London, May 17: British Prime Minister Theresa May agreed to set a firm date for her resignation as Conservative Party leader to make way for a new leader in Downing Street by next month. After a crunch meeting with the party's influential 1922 Committee of backbench MPs, it was agreed that May would set out an exact timetable for her exit after her Brexit deal goes through the House of Commons for the fourth time in early June.
Meanwhile, Boris Johnson confirmed publicly for the first time today that he will run to replace May as leader of the Conservative Party and the new prime minister.
Johnson a former Cabinet minister had been widely seen as a front runner pro-Brexit candidate alongside Dominic Raab, the former Brexit minister who had similarly resigned from May's Cabinet last year due to differences over the Brexit Withdrawal Agreement.
Last month, The UK and the European Union had agreed to extend Brexit until October 31. The decision was taken at an emergency meeting in Brussels where the EU leaders agreed to offer British Prime Minister Theresa May a six-month extension.