What has Theresa May said? In her statement delivered early on Wednesday morning, Mrs. May said: "A leadership election would not change the fundamentals of the negotiation or the Parliamentary arithmetic. "Weeks spent tearing ourselves apart will only create more division just as we should be standing together to serve our country. None of that would be in the national interest." She said she was making progress in her talks with EU leaders and vowed to "deliver on the referendum vote and seize the opportunities that lie ahead". The Conservatives had to build a "country that works for everyone" and deliver "the Brexit people voted for". "I have devoted myself unsparingly to these tasks ever since I became prime minister and I stand ready to finish the job." Will there be a new prime minister if she loses the vote? Not immediately. She would be expected to stay on as a caretaker prime minister until a new Conservative leader is selected by the party, a process that could take up to six weeks. If there are multiple candidates, Conservative MPs hold a series of votes to choose two to go forward to a vote of party members. As leader of the largest party in the Commons, the new Conservative leader would then be expected to be asked to form a government and become prime minister, without a general election.