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| Cameron steps down as PM, to leave office by October (VIDEO) | |
| (35 minutes later) | |
| Britain's David Cameron has announced plans to resign as prime minister following Britain’s decision to leave the European Union. | Britain's David Cameron has announced plans to resign as prime minister following Britain’s decision to leave the European Union. |
| Speaking after confirmation that the United Kingdom had voted against his pleas to remain in Europe, the Tory leader told reporters outside 10 Downing Street: “I do not think it would be right for me to be the captain that steers our country to its next destination.” | Speaking after confirmation that the United Kingdom had voted against his pleas to remain in Europe, the Tory leader told reporters outside 10 Downing Street: “I do not think it would be right for me to be the captain that steers our country to its next destination.” |
| "This is not a decision I've taken lightly but I do believe it is in the national interest to have a period of stability and then the new leadership required," Cameron added. | "This is not a decision I've taken lightly but I do believe it is in the national interest to have a period of stability and then the new leadership required," Cameron added. |
| "I think it's right that this new Prime Minister takes the decision about when to trigger article 50 and start the process of leaving the EU." | "I think it's right that this new Prime Minister takes the decision about when to trigger article 50 and start the process of leaving the EU." |
| In a statement to the press, the PM acknowledged that the British people had “made a very clear decision to take a different path” and thus required fresh leadership. | |
| “We should be proud of the fact that in these islands, we trust the people with these big decisions,” Cameron said of the Brexit referendum. | |
| “The British people have voted to leave the European Union and their will must be respected.” | |
| The decision to put EU membership to a public vote had created a schism within the Conservative Party, with a number of backbenchers campaigning against Cameron’s argument to remain within the political and economic trading bloc. | |
| “Delivering stability will be important and I will continue as prime minister with my cabinet for the next three months,” Cameron said. | |
| “The cabinet will meet on Monday, the governor of the Bank of England is making a statement about the steps that the bank and the treasury are taking to reassure financial markets.” | |
| Despite calls from the opposition to trigger Article 50 and start formal proceedings for leaving the EU, Cameron suggested the responsibility should lie with the next leader. | |
| The prime minister is due to appear before the European Council next week to explain the outcome of the referendum, which he urged people to “respect.” | |
| “The British people have made a choice. That only needs to be respected but those on the losing side of the argument, myself included, should help to make it work.” |