May told Conservatives she will not stand in the next election

Reports from her talk with members

She told party members she won't be the leader for the next election.

Bookmakers have put the odds of May surviving today's votes at 2/7, which implies about a 78% chance. The odds she loses are 5/2, or 28%.

Here are the betting odds for the next Conservative leader:

Update: May told conservatives there is a legally binding solution coming to backstop and that she wants to come back with something on the backstop by Jan 21 that the DUP can support.