British PM Theresa May expected to announce her departure on Friday: Report

British Prime Minister Theresa May is expected to announce her departure from office on Friday, The Times reported, without citing a source.

May will remain as prime minister while her successor is elected in a two-stage process under which two final candidates face a ballot of 125,000 Conservative Party members, the newspaper said.

May was under growing pressure to resign on Wednesday after her final Brexit gambit was rejected across the board by lawmakers and even criticised by some of her own ministers.

May's future, which she herself had curtailed by offering to resign to get her deal through parliament, was hanging by a thread after she softened her position on a second Brexit referendum and customs arrangements with the European Union.

The calls for her resignation further deepened Britain's Brexit crisis. Almost three years since Britain voted to leave the EU and just under two months after the scheduled departure, it is not clear when, how or even if Brexit will happen.

(With inputs from Reuters)