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Friday, 24 June 2016

EU Referendum, Cameron to Resign



David Cameron resigns as prime minister after Britain voted to leave the European Union.
Cameron says he will stay for the next three months to 'sstady the ship' and that Britain  requires 'fresh leadership ' to negotiate the country's exit from the EU.
According to The New York Times, Britain has voted to leave the European Union, a historic decision sure to reshape the nation’s place in the world, rattle the Continent and rock political establishments throughout the West.

Not long after the vote tally was completed, Prime Minister David Cameron, who led the campaign to remain in the bloc, appeared in front of 10 Downing Street to announce that he planned to step down by October, saying the country deserved a leader committed to carrying out the will of the people.

The stunning turn of events was accompanied by a plunge in the financial markets, with the value of the British pound and stock prices plummeting.

The margin of victory startled even proponents of a British exit. The “Leave” campaign won by 52 percent to 48 percent. More than 17.4 million people voted in the referendum on Thursday to sever ties with the European Union, and about 16.1 million to remain in the bloc.


“I will do everything I can as prime minister to steady the ship over the coming weeks and months,” Mr. Cameron said. “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.”

Despite opinion polls before the referendum that showed either side in a position to win, the outcome nonetheless stunned much of Britain, Europe and the trans-Atlantic alliance, highlighting the power of anti-elite, populist and nationalist sentiment at a time of economic and cultural dislocation.

“Dare to dream that the dawn is breaking on an independent United Kingdom,” Nigel Farage, the leader of the U.K. Independence Party, one of the primary forces behind the push for a referendum on leaving the European Union, told cheering supporters just after 4 a.m.

But it was not clear that the United Kingdom could survive withdrawal from the European Union intact. There was immediate pressure for another referendum on independence from Britain for Scotland, which voted overwhelmingly on Thursday to stay with Europe.

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