Friday 24 June 2016

BREAKING News: British PM, David Cameron QUITS, Pound Falls to 31-year Low as UK Vote to Leave EU

David Cameron QUITS as Prime Minister and the markets descend into turmoil after voters trigger a political earthquake by backing Brexit in historic referendum. 

David Cameron said he could not be the 'captain of the ship' while the UK negotiated its exit from the EU
The British Prime Minister, David Cameron has announced his resignation after the historic EU referendum delivered clear backing for Brexit.
He said he accepted the verdict of the 'great democratic exercise' which saw the Leave campaign triumph after stacking up votes across England and Wales - despite massive support for Remain in Scotland and major cities including London.
The British pound fell to a 31-year low on Friday, its lowest since 1985, as the United Kingdom (UK) voted to leave the European Union (EU).
With 85.3 percent of all results in, the UK has voted to leave EU: 51.6 percent, representing 14,159,480 votes are for leaving the EU, while 48.4 percent, which represents 13,268,066, voted to stay.
Flanked by wife Samantha in Downing Street, David Cameron said he had been 'proud' to serve as PM for the past six years. But he said it would not be right for him to be the 'captain of the ship'while the UK negotiated its exit from the EU.
'I held nothing back. I was absolutely clear about my belief that Britain is stringer, safer and better off inside the EU. And I made 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,' he said.
Cameron who is choking back emotions, said he would not depart immediately and would seek to calm the markets over the coming 'weeks and months', adding that a new Prime Minister should be in place for the Conservative Party conference in October.
'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 is 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.’
'Delivering stability will be important. And I will continue in post as Prime Minister with my cabinet for the next three months.
'The Cabinet will meet on Monday, the Governor of the Bank of England is making a statement about the steps the Bank and the Treasury are taking to reassure financial markets.
'We will also continue taking forward the important le3gislation we set before parliament in the Queen’s Speech – and I have spoken to Her Majesty the Queen this morning to advise her of the steps that I am taking,' he said.

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists

© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Next Post »

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.

Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.