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Boris Johnson agrees to resign, will stay UK PM until new leader gets elected

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

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Britain's Prime Minister Boris Johnson. Pic/AFP

Britain's Prime Minister Boris Johnson. Pic/AFP

Embattled British Prime Minister Boris Johnson on Thursday finally agreed to step down as the Conservative Party leader, ending an unprecedented political crisis and triggering an election for a Tory leader who will go on to become the new premier.

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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