British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces pressure from members of her own party to step down.
The Times newspaper reported on Thursday morning that May will announce that she will quit her post as early as Friday. The paper did not cite a source and Downing Street would not comment on the reports when contacted by CNBC.
May will remain as prime minister while her successor is elected in a two-stage process under which two final candidates face a ballot of 125,000 Conservative Party members, the newspaper said.
Pressure appears to have been mounting on the prime minister to announce her departure in the last 48 hours amid a backlash of her offer of a “new” Brexit plan that she wanted to put before Parliament.