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Friday, June 24, 2016

UK Prime Minister David Cameron Steps Down

UK Prime Minister David Cameron To Resign -"Country Requires Fresh Leadership"

by Tyler Durden on Jun 24, 2016 3:32 AM - Zero Hedge - Source


Well that escalated quickly...Speaking from in front of 10 Downing Street, UK PM David Cameron just stated that he will step down as Prime Minister, explaining that "I think the country requires fresh leadership."

As The Wall Street Journal reports,

"There are times when it is right to ask the people themselves, that is what we have done," David Cameron says.

"Let me congratulate all those who took part in the Leave campaign," the Prime Minister says.

"The will of the British people is an instruction that must be obeyed," Mr. Cameron says.

There an be no doubt about the result, he says.

I would reassure those markets and investors that Britain's economy is fundamentally strong

There will be no initial change in the way our people can travel in the way our trade can move, Mr. Cameron says.

Mr. Cameron says strong leadership is needed.

"I am proud to have been prime minister of this country," he says.

"I fought this campaign in the only way I know how which is to say directly and passionately what I think and feel," Mr. Cameron adds.

"I think the country requires fresh leadership," Mr. Cameron says.

"I do not think it would be right for me to try to be the captain that steers our country to its next destination."

"There is no need for a precise timetable," he says.

"I will continue in post for the next three months," Mr. Cameron says.

"I love this country and I feel honored to have served it and I will do everything I can to help it succeed in the future," Mr. Cameron says, his voice breaking as he concludes his resignation speech.

Full speech:

"Good morning everyone, the country has just taken part in a giant democratic exercise, perhaps the biggest in our history.

Over 33 million people from England, Scotland, Wales, Northern Ireland and Gibraltar have all had their say.

We should be proud of the fact that in these islands we trust the people for these big decisions.

We not only have a parliamentary democracy, but on questions about the arrangements for how we've governed there are times when it is right to ask the people themselves and that is what we have done.

The British people have voted to leave the European Union and their will must be respected.

I want to thank everyone who took part in the campaign on my side of the argument, including all those who put aside party differences to speak in what they believe was the national interest and let me congratulate all those who took part in the Leave campaign for the spirited and passionate case that they made.

The will of the British people is an instruction that must be delivered.

It was not a decision that was taken lightly, not least because so many things were said by so many different organisations about the significance of this decision.

So there can be no doubt about the result.

Across the world people have been watching the choice that Britain has made.

I would reassure those markets and investors that Britain's economy is fundamentally strong and I would also reassure Britons living in European countries and European citizens living here there will be no immediate changes in your circumstances.

There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.

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