The Latest: UK’s Cameron says he will resign by Wednesday

Britain Home Secretary Theresa May officially launches her campaign to become prime minister in Birmingham, England, Monday July 11, 2016. May is embarking on a nationwide campaign to gain support for her bid to become Conservative Party leader and assume the office of Prime Minister, ahead of her rival Andrea Leadsom. (Chris Radburn / PA via AP) Britain Home Secretary Theresa May officially launches her campaign to become prime minister in Birmingham, England, Monday July 11, 2016. May is embarking on a nationwide campaign to gain support for her bid to become Conservative Party leader and assume the office of Prime Minister, ahead of her rival Andrea Leadsom. (Chris Radburn / PA via AP)

By Associated Press July 11, 2016 5 min read

LONDON (AP) – The Latest on the Conservative Party leadership race in Britain (all times local):

4:00 p.m.

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.