The MP and former minister, Grant Shapps, said in media interviews Friday he had the support of about 30 Conservative MPs, including five former cabinet ministers. She said the government wants Brexit negotiations to succeed, but is also preparing for a scenario in which they could fail.
Grant Shapps, who served as Tory chair for almost three years, has emerged as the ringleader of a backbench plot to force May to step down and told BBC Radio 4's Today programme the solution to the leadership crisis was not "to bury our heads in the sand".
May's coughing fits which continually interrupted her speech, a prankster breaching security to approach her on the conference platform with the conference backdrop falling apart making it a triple disaster played out live on television.
Calls for the British premier's resignation have been growing ever since a doomed general election in June, which lost the Tories their overall majority in Parliament. Under the party's rules, a leadership race can be triggered if at least 48 of those MPs express their support.
A member of the audience hands a P45 form (termination of employment tax form) to Britain's Prime Minister Theresa May as she addresses the Conservative Party conference in Manchester on October 4, 2017.
He said the group of MPs supporting him included both Brexiters and those who supported remaining in the European Union.
Sterling continued to slip on Friday
One of the ringleaders of the plot to oust Theresa May has been criticised by Conservative MPs, who said he lacks support in the party and is "embittered".
Speaking to the BBC, he said while May is a "very decent person", she fought an election "which didn't work out".
And bookies have slashed the odds on the Prime Minister stepping down, with Paddy Power saying it had cut the odds on her stepping down this month by half overnight.
"Brodkin told her, "[British Foreign Secretary] Boris [Johnson] told me to give you this". The content of the Prime Minister's speech in Manchester this week demonstrated clearly that she has a plan to make our country better for everyone.
A leadership contest could also pave the way for an election that some Conservatives worry could be won by Corbyn, whom they cast as a Marxist seeking to impose a socialist fantasy on Britain. "The solution is not to bury heads in the sand", he said. We can do that, and we will under her leadership.
He was angrily denounced by MPs loyal to the prime minister, with Mr Walker dismissing his supporters as a "coalition of the disappointed" who had been overlooked for promotion.