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Theresa May becomes UK prime minister

She added that her government would not be led by the interests of the “privileged few”.

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“That will be the mission of the government I lead and together we will build a better Britain”.

The new Prime Minister, Britain’s second woman to hold the post, is expected to unveil the core of her Cabinet later this evening.

May, 59, will become the UK’s second female Prime Minister after Margaret Thatcher, also known as Iron Lady, with whom May is often compared.

Asian stock markets traded higher on Wednesday following the Dow’s record-high close overnight, as the confirmation of Britain’s new leader eased uncertainties while the stimulus hopes also helped lift…

Mrs May had served as Home Secretary since 2010 and yesterday met the Queen and was made Prime Minister after her predecessor David Cameron resigned in the wake of the Brexit vote last month.

After her meeting with the queen, May returned to 10 Downing Street, the prime minister’s official residence, to speak to reporters.

He dismissed suggestions that he would look to take over as Top Gear host or England football manager, saying the roles “sound even harder” than being prime minister.

Mrs May arrived with her husband Philip at 5.25pm – a few minutes after the Camerons had left – and they were greeted by the Queen’s equerry and ushered inside to see the Queen.

Tough-talking May is expected to bring a very different flavour to Downing Street, with her penchant for flamboyant shoes and no-nonsense attitude. She has the tough task of calming the country and global financial markets after the upheaval that has followed Brexit vote.

“I don’t detect Theresa May being an impulsive person”, Travers said.

She promised to give people who were “just managing” and “working around the clock” more control over their lives.

“The [English] Channel will not get any wider once we leave the European Union and that is the relationship we should seek”.

He will take on his final weekly prime minister’s questions session at noon before traveling to Buckingham Palace to tender his resignation to Queen Elizabeth II.

He admitted he will miss “the roar of the crowd” and the “barbs from the Opposition” as he moves on from office.

“Nothing is really impossible if you put your mind to it. After all, as I once said, I was the future once”, he said.

“The last thing I would say is that you can achieve a lot of things in politics”.

Standing with his family outside the famous black door, Mr Cameron said that he believed he was leaving the country “much stronger” and the economy “immeasurably stronger” after his six years in office.

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Newspapers offered harsher judgments of a politician toppled by his decision to call a referendum on European Union membership – which he then lost.

Theresa May promises to be PM for all not just'privileged few