Theresa May says 'Brexit means Brexit and we will make a success of it' in first speech as leader - latest live updates

Latest news as Andrea Leadsom resigns from race, paving way for May to lead party

Britain's new Conservative Party leader Theresa May (C) speaks to members of the media at The St Stephen's entrance to the Palace of Westminster in London on July 11, 2016 (AFP/Getty Images)

Here are the latest updates:

• Theresa May confirmed as new Conservative leader 'with immediate effect'
• David Cameron says new PM will be in place by Wednesday evening
• Andrea Leadsom has stepped down from the Tory leadership race
• Conservative party confirms contest will not be re-opened
• It means Theresa May will be the next Prime Minister
• Leadsom quits saying May is 'ideally placed to implement Brexit'
• But Brexiteers disappointed over her decision to step aside
• Pound value lifts after Leadsom drops out of running
• Labour and Lib Dems call for snap election over May 'coronation'
• House of Commons hear urgent question on triggering Article 50
• The real reason Andrea Leadsom pulled out of the leadership race
• Leadsom earlier apologised to May over her 'motherhood' comments
• Leadsom had come over consistent pressure for her CV and tax returns
• Iain Duncan Smith said Leadsom was 'stitched up' in motherhood row

Theresa May will take the keys to No 10 by Wednesday evening, David Cameron has confirmed.

The Prime Minister said he was "delighted" that the Home Secretary would succeed him in Downing Street and he will go to the Palace to offer his resignation to the Queen on Wednesday afternoon.

Mr Cameron will chair his last Cabinet meeting tomorrow morning and appear in the Commons for the final time as premier when he takes to the Despatch Box for Prime Minister's Questions at noon on Wednesday.

[11 July 2016 12:55 · Adam Withnall]

[11 July 2016 12:55 · Adam Withnall]

[11 July 2016 12:58 · Adam Withnall]

Leadsom was the candidate supported by the former Ukip leader Nigel Farage and Ukip's main financial backer Arron Banks. Mr Farage has said he is "disappointed" she has decided to stand down.

[11 July 2016 13:02 · Adam Withnall]

The House of Commons will hear an urgent question today on triggering Article 50.

The debate will take on a new significance with Theresa May all but confirmed as the next Prime Minister.