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Theresa May becomes new British PM after meeting Queen at Buckingham Palace

Cameron will formally resign during a meeting with Queen Elizabeth II at Buckingham Palace, then Theresa May, the Home Secretary, will take over.

May arrived at Buckingham Palace shortly afterward to be confirmed as British prime minister. He said: "being prime minister has been the greatest honor of my life". Davis, 67, a strong supporter of Brexit, has said Britain should take its time before formally starting the divorce process by triggering Article 50 of the EU's Lisbon Treaty.

"As I once said, I was the future, once", he said.He urged his successor, "a brilliant negotiator", to "try to be as close to the European Union as we can be, for the benefits of trade, of co-operation and of security".

May will continue to fill out her new cabinet later on Thursday, with the new secretaries of state for health, education, and work and pensions among those expected to be appointed.

Cameron resigned following Britain's vote to leave the June, and May became his replacement automatically after her opposing candidate pulled out of the leadership race.

May, 59, has been Britains Home Secretary in charge of immigration and law and order for the past six years. Women are expected to feature prominently in her top team. "And I know because we're Great Britain that we will rise to the challenge", she told reporters, flanked by her husband, Philip.

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"As well as steady leadership and calm professionalism I think she will also bring unity". Cameron concluded the session with a brief speech and walked out of the House among a standing ovation from his colleagues. His wife Samantha and their children were in the public gallery.

Cameron, had earlier congratulated May as he left 10 Downing Street for the last time with his wife and children.

Pointing wistfully to the capricious winds of politics that abruptly ended his career, he said: "I was the future once". Cameron steps down Wednesday after six years as prime minister.

THERESA MAY has become Prime Minister after accepting an invitation from the Queen to form a new government.

May was greeted with a huge cheer as she entered the House of Commons.

The steely vicar's daughter faces a major challenge in trying to negotiate an amicable divorce from the European Union following the shock vote for Brexit, which she has vowed to make a "success".

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Pictures were released of the visit, during which Theresa May curtsied before the Queen and kissed her hand. She has the tough task of calming the country and global financial markets after the upheaval that followed the referendum.

Prime Minister David Cameron will be leaving 10 Downing St. - but another resident of the famous address won't be going anywhere.

He also held up a photograph of himself with Larry the Downing Street cat, adding that sadly he wouldn't be taking the "chief mouser" with him when he moved out.

"It is important to have a clear direction and objective and that is something that Theresa May brings".

 Meanwhile, the Labour contest has only just begun.

Corbyn is fighting to retain his position after a dramatic loss of support among his party's members of Parliament. It is easy to say but hard to do,"the 49-year-old said before getting into waiting cars to be driven to Buckingham Palace to meet the Queen, as per PTI".

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"As I leave for the last time, my only wish is for the continued success for this great country that I love so very much", he concluded, before the traditional waves and posing for family photographs outside 10 Downing Street. It is on the market for 20 million pounds (23.7 million euros or $26.3 million). Cardinal Vincent Nichols of Westminster said he is delighted by the appointment of May as Britain's new prime minister because of the commitment she has shown in the fight against human trafficking.

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