This morning on NZ Herald Focus - Theresa May says she is "honoured and humbled" to have been chosen as the new leader of the Conservative Party and UK Prime Minister.

The Key Government is being accused of making up policy "on the hoof" after it revealed that it would no longer be taking dividends from the state housing corporation.

And, golfers, Jordan Speith, Jason Day, Dustin Johnson and Rory McIlroy have all opted out of the Rio Olympics.