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  1. PM says commitment to spending 0.7% of GDP on foreign aid will remain
  2. Labour focuses on education, blaming the Tories for "super-sized classes"
  3. Lib Dem leader Tim Farron says activists and donors were "flocking" to the party on the back of its anti-Brexit message
  4. Nicola Sturgeon launches council elections manifesto as a "clear choice" between SNP and Tories
  5. The government has ditched controversial probate fee rises ahead of the 8 June election

Live Reporting

By Emma Harrison and Alex Kleiderman

All times stated are UK

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  1. More market news...

    News of the pending statement sent the pound lower by 0.3% against the US dollar to trade at 1.251, having traded higher by around 0.17% earlier in the morning - according to the Press Association. 

    Versus the euro, the pound slumped more than 0.4% to trade at 1.175, losing previous gains of more than 0.1%.

  2. No government badge...

    BBC assistant political editor Norman Smith says that without an official crest on the front of the PM's podium, it will be a Conservative Party announcement. 

    He says that would mean her stepping down or a snap general election are the likely options...

    View more on twitter
  3. Can the PM call a snap election?

    The introduction of the Fixed Term Parliament Act by former prime minister David Cameron means that UK parliaments last for five years. 

    As a result, the next general election is not scheduled to happen until 2020.

    However, the Prime Minister can call an election early if she gets the agreement of two-thirds of MPs in the House of Commons. 

    Theresa May only has a small minority as the governing party. 

    However, Labour leader Jeremy Corbyn has previously indicated he would support the vote. 

  4. BBC political editor Laura Kuenssberg tweets:

    Laura Kuenssberg

    BBC political editor

  5. Ready and waiting

    Our political correspondents are at the scene and waiting for the announcement. 

    BBC assistant political editor Norman Smith says broadcasters usually know what is about to be announced, but on this occasion they do not.

    He says Downing Street statements are usually of significance and can cover resignations and elections. 

    View more on twitter
  6. Markets hit by speculation

    The pound has taken a sharp dive at speculation - that Theresa May's speech could lead to a snap general election. 

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  7. May statement due

    Welcome to our live coverage of Theresa May's unscheduled announcement, which she is due to make at 11:15 BST. Speculation is mounting over what the prime minister will be saying.