Friday 24 June 2016

'Worst day in post-war Britain', David Cameron Resigns as Prime Minister.

Cameron
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. 

The U.K. would be the first major country to leave the EU, which was born from the ashes of World War II as European leaders sought to build links and avert future hostility. With no precedent, the impact on the single market of 500 million people — the world's largest economy — is unclear.

In the words of  Mark Carney The Bank of England governor made "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. Credit .Photo by: www.thedailybeast.com

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