British Prime Minister David Cameron announced his resignation on 24 June, shortly after tasting defeat in the crucial referendum after Britain voted to leave the European Union.
Brexit campaign won by a thin majority of 51.9 percent in the refrendum that held on 23 June. This victory also raised questions over the longevity of the Conservative PM who aggressively campaigned for Remain.
Cameron gave a breif statement saying that a new PM will take charge in October to launch the process to leave the EU.
The 49-year old British leader, who had just completed a year in his second five-year tenure also assured the world, specifically the European nations that there will not be any immediate changes in the way people travel and services sold in the Britain.
“There can be no doubt about the result…I would like to reassure markets and countries around the world that Britain’s economy remains fundamentally strong,” Cameron said
“In my view, I think we should have a new prime minister in place by the start of the Conservative conference in October,” he said.
“The country requires a fresh leadership to take this forward. While it is important that I stay on to steady the ship, it is not right to be the captain. I will do everything I can to do to help,” Cameron said as his voice choked with emotion.
He said also said, “The will of the people must be respected and their instruction must be delivered.”
The British Cabinet will meet on Monday and decide a time table for Cameron’s stepping down.
European Union president Donald Tusk said “”Today on behalf of the 27 leaders, I can say that we are determined to keep our unity as 27″.
EU Parliament President Martin Schulz while expressing his hopes that Britain’s decision would not lead to contagion, said: “The chain reaction that is being celebrated everywhere now by euroskeptics won’t happen”.