Theresa May reacts as she delivers a statement in London. Reuters

British Prime Minister Theresa May on Friday announced she will step down as Conservative leader on June 7 after failing to convince MPs to support her Brexit deal.

"It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit," May said in a statement outside her Downing Street residence.

May set out a timetable for her departure: She will resign as Conservative Party leader on June 7 with a leadership contest in the following week.

"I will resign as leader of the Conservative and Unionist party on Friday, 7 June so that a successor can be chosen," May said outside 10 Downing Street.

May, once a reluctant supporter of EU membership, who won the top job in the turmoil that followed the 2016 Brexit vote, steps down with her central pledges - to lead the United Kingdom out of the bloc and heal its divisions - unfulfilled.

She endured crises and humiliation in her effort to find a compromise Brexit deal that parliament could ratify, and bequeaths a deeply divided country and a political elite that is deadlocked over how, when or whether to leave the EU.

May's departure will deepen the Brexit crisis as a new leader is likely to want a more decisive split, raising the chances of a confrontation with the European Union and a snap parliamentary election.

The leading contenders to succeed May all want a tougher divorce deal, although the EU has said it will not renegotiate the Withdrawal Treaty it sealed in November.

Agencies