LONDON — Theresa May, a relative moderate who has served for the last six years as home secretary, suddenly emerged victorious on Monday in the race to succeed David Cameron as Britain’s prime minister, bringing to an accelerated conclusion a political drama set off by the nation’s vote to leave the European Union.
Mr. Cameron said that the transfer of power would be completed by Wednesday evening. Ms. May would be the second woman to lead Britain, after Margaret Thatcher, who served as prime minister from 1979 until 1990.
Ms. Leadsom withdrew after a weekend in which her candidacy was all but consumed by remarks she made in an interview suggesting that she was better qualified because she is a mother, which Ms. May is not.
Conservative leaders quickly coalesced around Ms. May, ruling out the possibility of reopening the race to give the party’s rank-and-file members a choice. Graham Brady, chairman of the 1922 committee of Conservative lawmakers, which sets the rules for party leadership contests, said that there was “no need to rerun the election,” and that Ms. May was now the only candidate.
There appeared to be no hurdles to her ascension, especially after the two most prominent Conservatives behind the victory of the campaign to leave the European Union — Boris Johnson and Michael Gove — signaled their support for her.
Ms. May, 59, is now set to take over at a time of immense upheaval for Britain. The nation must not only negotiate its withdrawal from the European Union, a process fraught with economic and political risks, but it must also hold itself together amid a clamor from Scotland for independence. Early signs are that Britain’s economy has already taken a substantial hit from the exit vote, or “Brexit.”
“The economy and businesses in UK and around the world need certainty so it is in everyone’s interest Theresa takes over as PM in coming days,”
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