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Welcome to FT Politics, a weekly discussion on what's happening in Westminster from the Financial Times.

I'm Sebastian Payne. In this week's episode, you can imagine we're going to be discussing the resignation of Theresa May,

and we'll also be digging into who is coming next as the next Prime Minister of Britain.

I'm delighted to be joined by our political editor George Parker, columnist Robert Schrimsley, and deputy opinion editor Miranda Greene.

Thank you all for joining. And if you find yourself liking this episode of FT Politics, then don't forget to subscribe through all the usual channels to receive it every Saturday morning.

Well, we often say it's been a dramatic week in Westminster on this podcast, but this week probably has topped them all.

According this on Friday, just a couple of hours after Theresa May came out of Downing Street to announce that on the 7th of June, she will be resigning.

Crucially, she's stepping down as leader of the Conservative Party, not as Prime Minister.

But we know that by the end of July, we'll have a new person in Downing Street and a new person to take on the Brexit mantle.

So George Parker, let's begin at the beginning of what was a pretty hectic week in Westminster.

Monday was quite quiet, but on Tuesday, Theresa May delivered what was her final big act as Prime Minister, which was to deliver a somewhat misjudged speech on Brexit, which went down rather badly, and after a lot of efforts finally sealed her faith.

Yes, this was the bold and new and improved Brexit offer that she intended to put the House of Commons very much her last throw of the dice to try and get her Brexit deal through.

It had some stuff in there about the customs union, which was intended to win support over from some Labour MPs, but most controversy of all dangled the possibility of a second EU referendum in front of Labour MPs.

It was discussed at Cabinet, the Cabinet reluctantly signed off a deal.

And then Theresa May went down the road to the headquarters of PWC, at Embankment Place, to give a speech where she explained what she thought had been agreed by the Cabinet.

Now, controversially, it was an undertaking by the government to legislate for a second EU referendum if that's what MPs wanted.

And the Conservative Party erupted in anger, Tory MPs were furious. They said they couldn't possibly sign up to this.

The members of the Cabinet said they'd been stitched up. This wasn't what they'd agreed to at all.

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