David Cameron has resigned as Prime Minister after Britain voted to leave the European Union.
With the Leave campaign securing 52 per cent of the vote, Mr Cameron addressed the nation in an emotional speech outside 10 Downing Street to announce that he would be stepping down.
While
England voted overwhelmingly for Brexit, Scotland and Northern Ireland
backed Remain. Statements are expected to be made by Sinn Fein and the
SNP later today calling for a breakaway from the Union. London backed
Remain but the turnout was lower than expected because of bad weather.
Meanwhile
on the market, the FTSE 250 index has plunged a whopping 11.7pc. The
index of so-called mid-cap companies had dropped an astonishing 2,017
points to 15,309 in the first few minutes of trading.
The Bank of England governor Mark Carney has made the following statement:
“It
will take some time for the UK to establish a new relationship with
Europe and the rest of the world. So some market and economic volatility
can be expected as this process unfolds, but we are well prepared for
this. Her Majesty’s Treasury and the Bank of England have engaged in
extensive contingency planning and the chancellor and I have remained in
close contact including through the night and this morning. The Bank of
England will not hesitate to take additional measure as required, as
markets adjust….”.
Telegraph.co.uk
