Boris Johnson agrees to resign, will stay on as interim UK PM till October: reports

Embattled British Prime Minister Boris Johnson on Thursday finally agreed to step down as the Conservative Party leader, triggering a leadership election for a new Tory leader who will go on to become the new premier, according to reports from Downing Street.

Johnson, 58, will remain in charge at 10 Downing Street until the process of electing a new leader is completed by the time of the Conservative Party conference, scheduled for October. He is expected to formally announce his resignation and address the nation later on Thursday.

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The move came after days of high drama and a steady stream of resignations from his Cabinet since Tuesday and just minutes after his newly appointed Chancellor to replace Rishi Sunak wrote a public letter calling for him to “go now”.