An emotional David Cameron has announced his resignation as Prime Minister after the historic EU referendum delivered clear backing for Brexit.
The Prime Minister said he accepted the verdict of the ‘great democratic exercise’ which saw the Leave campaign triumph after stacking up 52 per cent of the votes – despite massive support for Remain in Scotland and major cities including London.
Bank of England governor Mark Carney moved to reassure panicking markets this morning after the Pound nose-dived to its lowest level against the US dollar for 31 years, and the FTSE slumped by 8 per cent.
SNP leader Nicola Sturgeon has already raised the prospect of a second independence referendum in Scotland within two years, potentially heralding the break-up of the UK.
Flanked by wife Samantha in Downing Street, Mr 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.
As he announced he would be resigning as Prime Minister and Tory leader David and Samantha Cameron comforted each other after he made his emotional statement outside the famous door of 10 Downing Street