UK leadership handover in dramatic day in British politics

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David Cameron will be appearing before Parliament as prime minister for the last time before handing over to successor Theresa May.

Cameron will step aside on Wednesday after losing the campaign to keep Britain in the European Union. He will take on his final session of prime minister's questions before traveling to Buckingham Palace to formally tender his resignation to Queen Elizabeth II.

Cameron told The Daily Telegraph it had been "a privilege to serve the country I love."

May will seek to calm the country, and the financial markets, after upheaval following the unexpected result in the June 23 referendum.

She will reportedly give priority to appointing a Cabinet minister in charge of implementing Brexit, the decision to leave the EU.