Recap: Leadership candidates emerged as May resigned

That's where we'll leave our live coverage for this evening, on a dramatic day when Theresa May announced she will stand down as Tory leader on 7 June.

Making an emotional statement in Downing Street, Mrs May became tearful as she said serving as PM had been "the honour of my life".

Attention has now turned to who will replace her, with Foreign Secretary Jeremy Hunt today becoming the latest MP to indicate he would stand.

He joins declared candidates Boris Johnson, Esther McVey and Rory Stewart, with more than a dozen others also believed to be considering throwing their hats into the ring.

The Conservative party says it hopes a new leader can be in place by the end of July - which is also when Sir Vince Cable wants to step down as Lib Dem leader.

Sir Vince said he would be handing over the reins to his successor on 23 July.

It looks like a couple of busy months ahead...