BRECON and Radnorshire MP Chris Davies has said Theresa May has made the right decision to stand down as Prime Minister and says he hasn’t yet got a preferred successor.

But the Conservative, who could be facing a by-election, has said he doesn’t believe a General Election should be held after Mrs May said it would be "in the best interests of the country" for a new PM to take over.

Mrs May broke down in tears at the end of her statement outside the door to Number 10 when she announced she would step down as the leader of the Conservative Party on June 7.

The PM said she had had "the opportunity to serve the country I love" as her jaw gave way and she broke into tears before quickly turning from the podium and back into 10 Downing Street.

Conservative MPs will now whittle down the potential successors to a shortlist of two who will be elected by Conservative Party members.

Mr Davies also confirmed he had told the PM’s office he wouldn’t be prepared to back her Brexit Withdrawal agreement for a fourth time.

The MP said: "It is the inevitable conclusion and most of us realised this was going to be the content of her statement.

"I think it is the right decision for the Prime Minister, the party and the country.

"People like me who have supported her deal this time around."

However he did say he believed a withdrawal agreement could still be reached with the European Union to avoid a no deal Brexit which he said is the legal default position in the absence of an agreement.

"The new PM will have to go back and negotiate and negotiate in a very firm way."

Mr Davies said he had not yet decided who he would support as the new PM but said: "I have not yet decided who I will be supporting my three lead candidates are one of (Boris) Johnson, (Michael) Gove, or (Dominic) Rabb.

"I’ve not reached a conclusion I’ve been in discussion with the the three of them and other potential leaders in recent weeks and others could emerge."

Mr Davies said it isn’t for him to "tie the hands" of the next PM by saying they should bring forward legislation to avoid a crash out Brexit if no deal is reached before Britain’s delayed departure date of October 31.

Asked if the country should decide the new PM through a General Election, rather than it being a matter only for members of the Conservative Party, Mr Davies said: "No I don’t see any need for it what so ever. Many say Theresa May shouldn’t have called a General Election.

"Gordon Brown decided not to call a General Election there is a Parliamentary process we know need to get on with that job and that’s what the new PM needs to do whoever that might be."

Mr Davies, who on Thursday attended an employment tribunal hearing, brought by his former office manager Sarah Lewis, who is alleging unfair dismissal, said he is focused on getting on with his job "in Brecon and Radnorshire and in Parliament."

The MP could face a by-election if 10% of the electorate in Brecon and Radnorshire sign a recall petition triggered after he was convicted of submitting a false expenses claim for £700 for photographs. He was entitled to claim the money but admitted creating two false invoices.

Asked if he felt under pressure Mr Davies replied: "No, I’m getting on with my job."