Theresa May is the only candidate left to become Britain's next prime minister, after the other contender, Andrea Leadsom, quit the race on Monday.
It was not immediately clear whether the development meant the May would automatically become the nation's next leader.
"I have ... concluded that the interests of our country are best served by the immediate appointment" of a prime minster.
"I am therefore withdrawing from the leadership election."
The
ruling Conservative Party had whittled down its candidates from five to
two in rounds of votes among MPs, and the wider party of around 150,000
people was set to decide between the two.
Under Britain's parliamentary system, the leader of the ruling party becomes prime minister.
Prime
Minister David Cameron announced his resignation following the June 23
European Union referendum, failing to convince the British people to
remain in the union.
Developing story - more to come
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