David Cameron, prime minister of the United Kingdom, has announced
he will be stepping down as the leader of the UK after losing in the
just-concluded EU referendum.
Cameron said he
would continue in his current capacity for the next three months but he
would not be the prime minister to lead the nation through these times.
“The British people have voted to leave
the EU and their will must be respected. The will of the British people is
an instruction that must be delivered. There can be no doubt about the
result,” Cameron said in a speech on Friday.
“Across the world people have been
watching the choice that Britain has made. This will require strong,
determined and committed leadership. I am very proud to have been Prime
Minister of this country for six years. I have held nothing back.
“I was absolutely clear about my belief
that Britain is stronger, safer and better off inside the European Union. And I
made clear the referendum was about this and this alone, not the future of any
single politician, including myself.
“But 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.
“I will do everything I can as prime
minister to steady the ship over the coming weeks and months. But I do not
think it would be right for me to try to be the captain that steers our country
to its next destination.
“This is not a decision I have taken
lightly. But I do believe it’s in the national interest to have a period of
stability and then the new leadership required.
“There is no need for a precise
timetable today. But in my view we should aim to have a new prime minister in
place by the start of the Conservative party conference in October.”
POUND FIRMS AFTER CAMERON, CARNEY SPEECHES
Immediately after Cameron’s speech,
Mark Carney, governor of the Bank of England, gave his speech, which
immediately led to an appreciation of the British pound.
Carney said the bank was prepared for
the departure of UK from the EU, assuring the country and foreign investors
that it will not hesitate to inject £250 billion into the economy to keep it
steady if need be.
The British pound was £1 to $1.38 before
the speech and closed at £1 to $1.36 by the end of the speech.
Boris Johnson, a Brexit campaigner and
member of parliament, is already being tipped to replace Cameron in October.
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