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Agence France-Presse

Prime Minister David Cameron announced Friday he will resign after Britons voted to leave the European Union despite his campaign to keep it in the bloc.


Cameron, who choked back tears, promised to try to “steady the ship” over the next months and did not give a precise timetable for his departure but said a new leader should be installed by early October.
It’s Brexit: Hang Seng Index plummets as Britain votes to leave EU in stunning referendum result
“I do not think it would be right for me to try to be the captain that steers our country to its next destination,” the British leader said outside his Downing Street residence in London.

He said his successor should trigger the formal process for Britain to leave the European Union.
“I think it’s right that this new prime minister takes the decision about when to trigger Article 50,” Cameron said.
I do not think it would be right for me to try to be the captain that steers our country to its next destination
Prime Minister David Cameron
“I would also reassure Brits living in European countries and European citizens living here that there will be no immediate changes in your circumstances.”
David Cameron led a charmed political life but with Brexit gamble his luck ran out
Flanked by his wife Samantha, Cameron said he had fought to retain Britain’s membership of the EU “head, heart and soul - I held nothing back”.
But he added: “The British people have made a very clear decision to take a different path and as such, I think the country requires fresh leadership to take it in this direction.”

Britons decided by 52 per cent to 48 per cent in favour of quitting the EU, a margin of more than one million votes, final results showed.
Quitting the EU could cost Britain access to the EU’s trade barrier-free single market and mean it must seek new trade accords with countries around the world. The United Kingdom itself could break apart, with leaders in Scotland - where nearly two-thirds of voters wanted to stay in the EU - calling for a new vote on independence.
Rise of the jester: Boris Johnson, Brexit’s golden boy, tipped for Number 10
The EU for its part will be economically and politically damaged, facing the departure not only of its most free-market proponent but also a member with a UN Security Council veto and powerful army. In one go, the bloc will lose around a sixth of its economic output. Populist leaders in France and the Netherlands demanded their own referendums to leave.
The vote will initiate at least two years of divorce proceedings with the EU, the first exit by any member state. Cameron, who has been premier for six years, said it would be up to his successor to formally start the exit process.

 

His departure set off an intense Conservative Party leadership battle.
But Cameron’s Conservative Party rival Boris Johnson, the former London mayor who became the most recognisable face of the “leave” camp, is now widely tipped to seek his job.
Johnson was booed and jeered as he left his London home on Friday.
He said nothing to waiting reporters as he was escorted to his car by police officers with shouts of “scumbag” ringing in his ear.
Additional reporting by Reuters and Associated Press


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Brexit

PM David Cameron chokes back tears as he announces resignation on day Britons ignored his plea to stay in EU

Britain's Prime Minister David Cameron speaks outside Number 10 Downing Street in London. Photo: Reuters

British Prime Minister David Cameron and his wife Samantha walk back into 10 Downing street after speaking to the press in central London on June 24, 2016. Prime Minister David Cameron announced Friday he will resign after Britons voted to leave the EU in defiance of his warnings of economic pain. / AFP PHOTO / BEN STANSALL

Leave campaign leader Boris Johnson leaves his home after Britain voted to leave the European Union in London, June 24, 2016. REUTERS/Peter Nicholls

It’s Brexit: Hang Seng Index plummets as Britain votes to leave EU in stunning referendum result

The verdict, which triggered a freefall of the British pound and turmoil on world markets, is a shocking turnaround after most polls had suggested Britons wanted to stay in the EU

A ballot box is opened for counting at the Titanic Exhibition Centre in Belfast, Northern Ireland, as counting gets underway in the referendum on the UK membership of the European Union, late Thursday, June 23, 2016. Britain's referendum on whether to leave the European Union was too close to call early Friday, with increasingly mixed signals challenging earlier indications that "remain" had won a narrow victory. (John Linton/PA via AP) UNITED KINGDOM OUT NO SALES NO ARCHIVE

Boris Johnson, former mayor of London, left, leaves with Marina Wheeler, his wife, after casting his vote in the European Union (EU) referendum at the Hanover Primary school polling station in London, U.K., on Thursday, June 23, 2016. Britain began voting Thursday on whether to remain a member of the European Union or split from the 28-nation bloc, a once-in-a-generation decision that will determine the U.K.'s future economic prosperity and the course of the EU. Photographer: Chris Ratcliffe/Bloomberg

Leave.EU supporters wave Union flags and cheer as the results come in at the Leave.EU referendum party at Millbank Tower in central London early in the morning of June 24, 2016. First results from Britain's knife-edge referendum showed unexpectedly strong support for leaving the European Union on Friday, sending the pound plummeting as investors feared a historic blow against the 28-nation alliance. / AFP PHOTO / GEOFF CADDICK

Supporters of the 'Stronger In' Campaign watch the results of the EU referendum being announced at a results party at the Royal Festival Hall in London on June 24, 2016. Britain's economy was plunged into a dizzying unknown on Friday as the country lurched towards the EU exit, with the world economy bracing for a hit on growth and unemployment. / AFP PHOTO / POOL / ROB STOTHARD

Leader of the pro-Brexit United Kingdom Independence Party Nigel Farage reacts to the results at Millbank Tower in central London early on Friday. Photo: AFP

Hong Kong stocks recover from early Brexit panic selling

Hang Seng Index ends down 2.9 per cent at 20,259, after having dipped 5.8 per cent by late morning

Wads of British Pound Sterling banknotes are stacked in piles at the GSA Austria (Money Service Austria) company's headquarters in Vienna July 22, 2013. REUTERS/Leonhard Foeger/File Photo

Nerves settled in Hong Kong, after the initial shock of Britain’s dramatic Brexit prompted panic buying. Photo: Felix Wong

The dawn of Brexit breaks over Britain, but is the referendum result legally binding?

A referendum-night reveller lies on the ground in Parliament Square in London, as sun rises over the Houses of Parliament on Friday morning. Photo: Reuters

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Boris Johnson, a likely contender for the top job, was booed by crowds as he left his London home


PM David Cameron chokes back tears as he announces resignation on day Britons ignored his plea to stay in EU

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Boris Johnson, a likely contender for the top job, was booed by crowds as he left his London home

Boris Johnson, a likely contender for the top job, was booed by crowds as he left his London home