David Cameron

David Cameron resigns as Britain’s Prime Minister

David Cameron addressed his people for the last time as Britain’s prime minister on Wednesday afternoon, before leaving for Buckingham Palace to tender his resignation to Queen Elizabeth II and hand over power to his successor, Theresa May, the home secretary.

“It has been the greatest honor of my life to serve our country as prime minister over these last six years, and to serve as the leader of my party for almost 11 years,” Cameron said outside 10 Downing Street in London, joined by his wife, Samantha, and their three children. “My only wish is continued success for this great country that I love so very much.”

Queen Elizabeth II has formally accepted David Cameron's resignation as British prime minister, Buckingham Palace says. Incoming Prime Minister Theresa May has been invited by the Queen to form a new Government, upon her acceptance of the role.

Cameron announced his resignation last month, following the UK's shock referendum result to leave the EU. May will be Britain's second female prime minister after Margaret Thatcher, who held office from 1979 to 1990.

The last few weeks have been dramatic ones in British politics, with Brexit setting off a domino effect of politicians falling by the wayside -- Cameron resigned, allies stabbed likely successor Boris Johnson "in the back," and leadership contender Leadsom threw in the towel amid controversial motherhood comments.

May faces a daunting job as prime minister, facing pressure from the EU to start Brexit negotiations, salvage a plummeting economy and unite a divided nation.