Cameron Quits

Cameron Quits as Brexit Becomes a Reality

Diplomatist Bureau

A probability that became a reality, Brexit continues to garner headlines as British PM David Cameron said he is resigning from the post. PM Cameron had asked the country to vote for staying in the UK but was defeated by 52 percent for Brexit against 48 percent for Bremain despite London, Scotland and Northern Ireland backing the stay in the EU.

Following the historic decision, the Tory leader announced that he will be leaving No.10 Downing Street after six years as PM. In an emotional statement outside Downing Street, he stated that he wanted a new leader to be in place by this autumn’s Conservative conference.

"The British people have voted to leave the European Union and their will must be respected," said Mr Cameron. "The will of the British people is an instruction that must be delivered." With by his wife Samantha by his side, Mr. Cameron said that he had informed the Queen of his decision to remain as PM for the short term and then hand over the position to a new prime minister by the time of the Conservative conference in October.

He said: “I do not think it would be right for me to be the captain that steers our country to its next destination.” However, he will try "steady the ship" over the coming weeks and months but said that "fresh leadership" was needed.

While 16,580,508 voted for the ‘Bremain’ campaign, 17,759,184 Brits voted to leave the EU. Scotland, Northern Ireland and inner city areas of London and Manchester voted to remain in the EU by large majorities, whereas Northern England, the East coast, the Midlands and Wales, plus rural areas across the south, all voted for the Brexit. Interestingly, many North East constituencies defied the pleas of their Labour MPs pleas to back Remain.

Some asked him to resign immediately, while some Brexit-backing Tory MPs had previously asked him to stay on, for a period of “stability” as the UK will negotiate for its withdrawal from the EU.

The pound plunged to its lowest point against the dollar since 1985 as Britain raced towards the Brexit. Japanese markets shut down after falling 1,000 points. They reopened after the automatic 10-minute close.

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