British PM David Cameron resigns after UK exits European Union
British Prime Minister David Cameron has resigned after the UK public voted to leave the European Union in the referendum.
A tearful Cameron said he had already spoken to the Queen about his decision.
According to The Guardian, Cameron, speaking after Britain voted in favour of Brexit, said the “will of the British people” must be respected and it was an “instruction which must be delivered”.
He said there should be a new leader in place by the start of the Conservative Party conference in October.
He added: “I love this country and I feel honoured to have served it.”
The Guardian reported that his statement followed a remarkable night in which British people voted to leave the European Union after a nearly half a century of membership plunging the country into unchartered political and economic territory
With all the results declared, voters backed Brexit by a margin of 52 to 48 per cent.
The outcome is also likely to spark a second independence referendum in Scotland that, unlike England and Wales, voted to remain in the EU.
Nicola Sturgeon said it the vote in Scotland “made clear” that it saw its future as part of the European Union.
Markets reacted with alarm to the vote with the pound plunging against the dollar to levels not seen in more than thirty years. The FTSE was predicted to fall by around ten per cent.
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