Former prime minister Theresa May has announced she will stand down as an MP at the next general election.
In an exclusive statement to her local paper, Mrs May said she had taken the “difficult decision” to quit the Commons after 27 years representing her Maidenhead constituency.
Image: Theresa May has represented Maidenhead for nearly three decades. Pic: PA
The 67-year-old also pledged her support to Rishi Sunak’s government and said she believed the Conservatives could win the next election.
Politics latest: ‘Pretty good innings’: Minister pays tribute to May as former PM joins Tory exodus
Elected seven times, Mrs May had been the Conservative MP for the Berkshire seat since 1997.
She served as prime minister from 2016 to 2019, having previously held the position of home secretary since 2010.
Mrs May entered Downing Street after David Cameron resigned after the country voted to leave the European Union – something he campaigned against.
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However, the fateful choice of the “new Iron Lady” to call a snap election and the Brexit chaos that followed saw her forced out of the job three years later.
Mrs May’s decision to leave Westminster adds to an exodus that has seen more than 60 Tory MPs say they will not fight their seats at the next election – the highest total since 1997.
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High profile MPs who have said they will quit include former cabinet ministers Ben Wallace, Sajid Javid, Dominic Raab and Kwasi Kwarteng.
In a statement to the Maidenhead Advertiser, the Conservative politician, a vicar’s daughter known for her fashionable footwear, said: “It has been an honour and a privilege to serve everyone in the Maidenhead constituency as the Member of Parliament for the last 27 years.
“Being an MP is about service to one’s constituents and I have always done my best to ensure that I respond to the needs of local people and the local area.
“Since stepping down as prime minister I have enjoyed being a backbencher again and having more time to work for my constituents and champion causes close to my heart including most recently launching a Global Commission on Modern Slavery and Human Trafficking.
“These causes have been taking an increasing amount of my time.
“Because of this, after much careful thought and consideration, I have realised that, looking ahead, I would no longer be able to do my job as an MP in the way I believe is right and my constituents deserve.
“I have therefore taken the difficult decision to stand down at the next general election.”
Image: The 2017 party conference in Manchester ended in humiliation
Pic: Reuters
She added: “I will continue to work hard for all my constituents until the general election.
“As I pass the baton on I will be working with my successor to secure a Conservative victory in Maidenhead. I remain committed to supporting Rishi Sunak and the government and believe that the Conservatives can win the election.
“I would like to thank all those who chose me to represent them as their member of parliament.
“I have always said there is no greater privilege than being an MP; I have served as home secretary and prime minister but none of that would have been possible without the people of Maidenhead and the constituency which I have been proud to call my home.”
Labour Party chairwoman Anneliese Dodds said the number of Tories standing down showed there was “no confidence” in Mr Sunak and the Conservatives electoral prospects.
But Treasury minister Gareth Davies denied this was the case, telling Sky News he was “personally sad” to see Mrs May stand down “after a pretty good innings”, but that it was “completely reasonable” for people to decide to leave parliament ahead of an election.
He said: “Each one has made their own decision for personal reasons and I respect every single person’s decision to do so.”
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Mrs May arrived in Downing Street in 2016, after an uncontested leadership election, faced with the task of bringing together party and country after the traumas of the EU referendum.
But her decision to call an early election in the hope of securing the comfortable majority she needed to implement her Brexit plans ended in disaster.
A poorly received manifesto and hastily withdrawn social care policy, which saw her insist “nothing has changed”, coupled with a robotic campaigning style, saw her deprived her of her slim majority in the Commons and dependent on the Democratic Unionist Party (DUP).
From then on she was engaged in a day-by-day struggle to keep her plans on course and maintain the fragile unity of her government.
That year’s conference in Manchester ended in humiliation as she was handed a P45 by a comedian on stage, lost her voice to a persistent cough and ended her speech with letters falling off the backdrop behind her.
After repeated failed attempts to get her Brexit plans through and with the party in open mutiny, her fate was sealed.
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2019: Theresa May resigns
Nicknamed the Maybot, for rarely revealing her emotions, Mrs May fought back tears as she announced her departure from Number 10 in Ma 2019.
With her voice cracking, she said at the time: “I will shortly leave the job that it has been the honour of my life to hold – the second female prime minister, but certainly not the last.
“I do so with no ill-will, but with enormous and enduring gratitude to have had the opportunity to serve the country I love.”
Unlike many other former prime minister’s, Mrs May remained parliament and active on the backbench, not afraid to criticise the government.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.