View more on these topics

David Cameron steps down as Prime Minister

Cameron-David-2011-700x450.jpg

David Cameron has stepped down as Prime Minister following the UK’s definitive vote to leave the European Union.

In a statement given this morning on the steps of 10 Downing Street, Cameron says: “I have always believed that we have to confront big decisions, not duck them.

“It’s why I made the pledge to bring the vote on the EU referendum.

“I held nothing back. I was absolutely clear about my belief that Britain is stronger and better off inside the European Union.

“But the British people have made a very clear decision to take a different path. As such, the country requires fresh leadership. I do not think it would be right for me to be the captain that steers our country to its destination.”

Cameron says the Government should aim to have a new Prime Minister in place by the start of the Conservative Party conference in October.

He says: “Delivering stability will be important and I will continue in post as Prime Minister with my Cabinet for the next 3 months. The Cabinet will meet on Monday.”

“It is right that this new Prime Minister takes the decision about when to trigger Article 50 and start the formal and legal process of leaving the EU. I will attend the European Council next week to explain the decision the British people have taken and my own decision.”

Cameron sought to make several reassurances, including to markets and investors that the UK economy is “fundamentally strong”.

He adds: “I would also reassure Brits living in European countries, and European citizens living here, that there will be no immediate changes in your circumstances. There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.”

Recommended

RBS-Building-2012-700x450.jpg

RBS axes another 900 roles

RBS is cutting a further 900 jobs as part of a drive to save £800m this year. According to the BBC, the roles will mostly be back office and IT jobs. The announcement follows RBS cutting back its face-to-face advice service in March leading to around 550 job cuts and the closure of 32 NatWest […]

House-Home-Property-Ladder-Mortgage-700x450.jpg

London & Country eyes £300m sale or float

London & Country Mortgages is eyeing a sale or flotation that could value the business at up to £300m. The firm has appointed advisers Fenchurch to handle the process. An L&C spokesman would not comment on the value of any sale or float, but the process could see London & Country valued at up to […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. He didn’t have much choice to be fair

    He rolled the dice (quite rightly and must be commended for doing so) and lost !

    Am I truly sad ……. not really

  2. I will be interested to see just how long the queue will be that we are to be at the end of ref USA. It may not be as long as the outgoing president predicted on his recent scaremongering trip here

  3. Given there will be no new PM until October, I do not see any big decisions on anything until then.

    So we will larely coast along until then.

    As for trade with the US, I doubt if we are at the top of the agenda.

    Donald Trump seems notably isolationist.

  4. ….and that’s the measure of the man!

  5. Julian Stevens 28th June 2016 at 9:24 am

    His past Euro-sceptic stance is a matter of public record, as is his more recent declaration that if the outcome of the referendum was a vote to leave, he wouldn’t abdicate his responsibilities to negotiate a new relationship with Europe. He bet the farm on a remain vote and now it’s not gone the way he felt it should, he’s jumping ship. So much for respecting the will of the people.

Leave a comment