Hello and welcome to the Intelligence on Economist Radio.

I'm your host, Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

Psychedelic drugs are mostly known for opening the doors of perception during the swirling 60s.

More recently they've become a performance enhancing supplement for Silicon Valley types.

But the drugs are also being investigated as a surprisingly effective treatment for depression, anxiety and more.

Like, wow man.

First up though.

British Prime Minister Theresa May will officially step down as Conservative Party Leader today.

She announced her resignation two weeks ago after failing repeatedly to negotiate Britain's withdrawal from the European Union.

MPs have been unable to agree on a way to implement the UK's withdrawal.

As a result we will now not leave on time with a deal on the 29th of March.

This delay is a matter of great personal regret for me.

Brexit is a challenge that will be equally vexing for her successor.

Nevertheless, plenty of people would like a chance.

The leadership race officially starts on Monday and candidates have already started politics, including Environment Secretary Michael Gove.

I believe that I'm ready to unite the Conservative in Unionist Party, ready to live a Brexit and ready to leave this great country.

Theresa May will remain as caretaker Prime Minister until the contest is decided by a series of votes over the next six weeks or so.

Not by the public, but by parliamentarians and Conservative Party members.

The race kicks off against a backdrop of politics fractured by Brexit.

In a bellweather by-election in the city of Peterborough yesterday, the opposition Labour Party only narrowly beat the candidate fielded by the newly minted Brexit Party, led by the bombastic Nigel Farage.

100 late times Theresa May told us we were leaving on March 29th, the reason I founded the Brexit Party is because we didn't.

...