Cameron Says He Will Resign by Wednesday

Prime Minister David Cameron says he will step down on Wednesday, making way for Theresa May to succeed him as British leader.

Cameron says it’s clear May has “the overwhelming support” of Conservative lawmakers. He says May’s rival Andrea Leadsom made the right decision to withdraw from the race, ending the party leadership race.

Cameron says he will attend a final session of Prime Minister’s Questions in the House of Commons on Wednesday before going to visit Queen Elizabeth II and tendering his resignation.

The queen has the formal role of appointing the new leader.

Earlier, the eurozone’s top official says that it is important that Britain’s next prime minister gets on with sorting out the implications of Britain’s decision to leave the European Union as soon as possible.

Speaking after it became apparent that Theresa May could replace David Cameron as soon as this week, Jeroen Dijsselbloem said the next British prime minister will have to “find solutions for the Brexit which has been causing a lot of problems particularly for the U.K., but also for Europe.”

He said that the “sooner we can sort out this problematic situation the better.”

Dijsselbloem spoke ahead of a meeting of the eurozone’s 19 finance ministers in Brussels.

Though Britain’s decision to leave the EU isn’t a primary topic of discussion, the finance ministers have a number of thorny issues to address that have been elevated in the wake of the referendum result, such as the financial health of Italian banks.