It was reported earlier in the day that May was on her way to visit the Queen for her usual meeting.
May has laid out a fresh plan to get Parliament to back the Brexit divorce package, with the prospect of a second Brexit referendum and other concessions to entice opposition lawmakers to ratify the deal.
May has urged members of parliament to back what she described as a "new" Brexit deal, but many are criticial, saying the deal isn't new at all.
Chief Sky News political correspondent Jon Craig tweeted:
Very senior MP tells me the word from the Cabinet corridor in the HoC is that the PM will resign tonight, Andrea Leadsom is poised to resign to launch a leadership bid, others may also resign & David Lidington will take over as acting PM. Unconfirmed!
— Jon Craig (@joncraig) May 22, 2019
May faced calls to resign Wednesday amid a backlash against her Brexit plan from Conservative MPs.
There is a full-scale revolt over May's new Brexit deal, with Conservative MPs calling for a change in the party rules to facilitate a leadership challenge.
On Wednesday the iShares MSCI United Kingdom Index (NYSE: EWU) was trading down 0.69 percent at $32.48, while the Vanguard FTSE European ETF (NYSE: VGK) was trading down 0.22 percent at $53.91.
May's Brexit Deal Shot Down For A Third Time; PM Sees 'Grave' Implications
Reports: May Will Step Down After Brexit Deal Is Reached
Photo by Sergeant Tom Robinson RLC/MOD via Wikimedia.
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