British Prime Minister, David Cameron, on Friday resigned from office after his devastating defeat in the European Union referendum.
Cameron had fought strongly for Britain to remain in the EU but lost.
He however said he would stay in office till about October this year when a new prime minister is chosen, noting that the country required a fresh leadership.
Cameron’s voice broke as he spoke outside Downing Street this morning with his wife, Samantha, in tears, next to him.
“We should aim to have a new prime minister in place by the start of the Conservative Party conference in October,” he told the media after the country voted to leave the EU.
The Brexit campaign officially passed the winning post in the EU referendum at around 6 am on Friday, triggering a political earthquake and panic in the markets.
Nigel Farage earlier declared it to be ‘independence day’ and a ‘victory for real people’ as the leave campaign racked up votes across England and Wales – defying the verdict of London, Scotland and most of the big cities.
The Pound, which soared in value earlier after Nigel Farage admitted he thought Brexit had lost, has nose-dived against the US dollar to its lowest level in 31 years.
Also, more than £100billion was wiped off the FTSE 100 within minutes as markets opened on Friday as Britain’s decision caused turmoil across global exchanges.