LONDON (REUTERS) - British interior minister Theresa May launched her bid to replace Prime Minister David Cameron and lead the Conservative Party on Thursday (June 30) with a promise to honour last week's decision by voters to take the country out of the European Union.
"Brexit means Brexit," May said in a speech. "The campaign was fought, the vote was held, turnout was high and the public gave their verdict. There must be no attempts to remain inside the EU, no attempts to rejoin it through the back door and no second referendum."
She also said there should be no national election before 2020, the scheduled date for the end of the current parliament, and that there should be no emergency budget measures to offset the expected hit to Britain's public finances from a slowdown in the economy caused by the shock referendum result.
Cameron, who led the Remain campaign, announced his resignation after Britain voted by 52-48 per cent to leave the EU, triggering a leadership contest within the ruling Conservative Party that will elect his successor by early September.
May, who is expected to face leading Leave campaigner Boris Johnson in the battle for the top job, made a thinly coded attack on the ex-London mayor's privileged background and pointedly said government was not "a game".
"If you're from an ordinary, working-class family, life is just much harder than many people in politics realise. You have a job, but you don't always have job security," said May, who has impressed many Britons with her handling of security issues as interior minister for the last six years.
"Frankly, not everybody in Westminster understands what it's like to live like this. And some need to be told that what the government does isn't a game, it's a serious business," she wrote in The Times newspaper.
The Brexit vote has triggered one of Britain's biggest crises in modern times with political upheaval, more than US$3 trillion (S$4 trillion) wiped off global stocks and one of the steepest falls in sterling in a generation.
Both major political parties are in turmoil after the vote, with Labour Party leader Jeremy Corbyn likely to face a direct challenge for his job from colleagues after losing a vote of no-confidence in his leadership.
Recognising the divisions in Britain, Conservative May said she would make Britain work for everyone and promised big changes, if she won the top job, for the economy and society.
"We believe in capitalism and free markets, for example, because history has shown them to be the best way in which we spread opportunity and improve social mobility," said May, the state-school educated daughter of a Church of England clergyman.
"But where capitalism is not helping to provide opportunity for all, where it is losing public support, where there are gross abuses of power, we need to reform it."
May supported Cameron's Remain position but was not one of the main campaigners for staying in the EU.
Both Cameron and Johnson were educated at Britain's most exclusive school, Eton College, and knew each other at Oxford University. May read geography at Oxford.
Johnson was the most prominent figure in the Leave campaign along with Justice Secretary Michael Gove, though the Daily Telegraph newspaper cited a private email from Gove's wife urging him to get assurances about what job he would get if Johnson won the race.
In the email, Gove's wife Sarah Vine urges her husband to ensure he has "leverage" before making any deal with Johnson.
May and Johnson are the favourites to succeed Cameron, though the frontrunner has rarely succeeded in winning Conservative leadership battles in the past.
Margaret Thatcher surprised the political establishment in 1975 by winning control of the party after starting the contest as an outsider.
Stephen Crabb, who supported staying in the EU, put himself forward on Wednesday and Liam Fox, a former defence secretary who backed Brexit, said he would put himself forward.