David Cameron has announced his resignation as Prime Minister after the referendum delivered clear backing for Britain to leave European Union, EU.
Cameron had backed Britain to remain in EU.
Speaking after the referendum results emerged that the Leave campaign triumph, Mr. Cameron said he had been ‘proud’ to serve as PM for the past six years.
‘I held nothing back. I was absolutely clear about my belief that Britain is stringer, safer and better off inside the EU,’ he said.
‘And I made the referendum was about this and this alone – not the future of any single politician including myself.
‘But the British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction.
‘I will do everything I can as Prime Minister to steady the ship over the coming weeks and months but I do not think it would be right for me to try to be the captain that steers our country to its next destination,’ he said.
‘This is not a decision I have taken lightly but I do believe it is in the national interest to have a period of stability and then the new leadership required.
‘There is no need for a precise timetable today but in my view we should aim to have a new Prime Minister in place by the start of the Conservative Party conference in October.’
He said further: ‘Delivering stability will be important. And I will continue in post as Prime Minister with my cabinet for the next three months.
‘The Cabinet will meet on Monday, the Governor of the Bank of England is making a statement about the steps the Bank and the Treasury are taking to reassure financial markets.
‘We will also continue taking forward the important le3gislation we set before parliament in the Queen’s Speech – and I have spoken to Her Majesty the Queen this morning to advise her of the steps that I am taking.’