European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
British Home Secretary Theresa May is due to succeed David Cameron as Prime Minister of the United Kingdom on Wednesday evening.
This was announced by Cameron on Monday after Prime Minister's Questions, the BBC informs.
Speaking outside 10 Downing Street, the outgoing prime minister said he would offer his resignation to Queen Elizabeth II on Wednesday afternoon at Buckingham Palace.
Cameron, who has served as prime minister since 2010, will chair his last meeting of cabinet on Tuesday.
In June, Cameron announced his resignation immediately after the outcome of the referendum on UK's membership to the EU showed that 51.9 % of British voters had supported Brexit.
May will become the new leader of the Conservative Party after the only remaining candidate for the position, Andrea Leadsom, withdrew on Monday.
Thus May is set to become the second female prime minister in British history after Margaret Thatcher, who was in office between 1979 and 1990.
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The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
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