Bookies’ favourite Theresa May not for turning

Britain’s Home Secretary Theresa May, the bookmakers’ favourite to replace David Cameron as prime minister, said there was no going back on Britain leaving the EU, but that divorce talks would not start until the end of the year.

Launching her leadership bid, May said there would be no second referendum on EU membership, nor any bid to rejoin, and she also ruled out any immediate tax rises.

“Brexit means Brexit,” said May, 59, who backed the Remain campaign ahead of last week’s referendum, though she kept a low profile.