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British Prime Minister Theresa May announced that she would resign as Conservative leader on 7 June, paving the way for a competition to appoint a new British prime minister.
In a moving statement at Downing Street, Ms. May said that she had "done my best" to honor the outcome of the 2016 EU referendum.
Failure to deliver the Brexit would remain a "deep regret," she added.
But a new prime minister was "in the best interests of the country".
Ms. May said she would continue to hold the position of prime minister during the Conservative leadership race.
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She will step down as Conservative leader on June 7 and a leadership race is scheduled to begin next week.
She was pressured to quit, after her own MPs opposed her latest Brexit project.
Since January, Parliament has rejected the withdrawal agreement that Ms. May has negotiated on three occasions with the EU. Recent attempts to find a formal compromise with the Labor Party have also failed.
May planned to release Friday the draft withdrawal law – the legislation needed to transpose the agreement into British law – by describing it as "a last chance" to achieve Brexit.
However, his proposals – including a customs union agreement and an offer to give MPs a vote on holding another referendum – have angered many conservatives.
Labor said that it was a "rehash" and that they would not support the plans.
Sir Graham Brady, chairman of the 1922 Conservative Backbench Committee, will meet with the Prime Minister on Friday morning.
Conservative MPs are expected to consider further steps to trigger a vote of no confidence if she does not specify the date of her departure.
Andrea Leadsom left her leadership position in the House of Commons Wednesday evening stating that she no longer believed that the government's approach would "give the results of the referendum".
On Thursday, Ms. May met Interior Minister Sajid Javid and Foreign Secretary Jeremy Hunt in Downing Street where they reportedly expressed concerns about the bill.
BBC political editor Laura Kuenssberg said several government officials were waiting for May to announce her departure Friday morning, although Downing Street has not confirmed her presence.
Ministers hope the campaign for the next Conservative Party leader can be completed by the end of July.
Unless something extremely strange happens in the next few days, it is now, really, almost finished.
Why now, however? It's not like Theresa May has been living an easy time for months.
You guessed it, it's Brexit, and what hastened his departure, was to try – again – to submit his Brexit projects to Parliament.
A leadership contest starting June 10 would come after the visit of US President Donald Trump and the Peterborough by-election.
According to Laura Kuenssberg, more than 12 Conservative MPs are seriously considering running for office. Former Foreign Secretary Boris Johnson is currently considered the favorite.
However, former minister, Ken Clarke, told BBC Radio 4's "Today" show: "The idea that he is a fool is nonsense …" the person expected to win has not won one of these for a very long time. "
He said he expected "six chaotic weeks" to follow, "a potentially dangerous hijacking of deadlock over the European Union".
"We have to make sure everything happens in an atmosphere that does not add to the air of a tragic farce that already surrounds the party and the European dossier for 12 months."
On Thursday, the United Kingdom voted in the European Parliament elections, two months after the planned departure of its departure from the European Union.
The results will be announced only on Sunday evening, after the closure of the vote throughout the EU.
The prime minister had already pledged to set a timetable for the appointment of a new leader, once MPs would have voted on the draft withdrawal law.
But calls to leave earlier have begun to come from conservatives who have remained loyal to the present.
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