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Cameron decides to leave Downing Street as ‘Divided’ Kingdom leaves EU

Brexit

Cameron decides to leave Downing Street as ‘Divided’ Kingdom leaves EU

Britain’s Prime Minister David Cameron speaks after Britain voted to leave the European Union, outside 10, Downing Street in London on Friday.

10, Downing Street in London on Friday. After Brexit, Prime Minister has announced his decision to quit.

A man in a vehicle sporting a Vote Leave logo blows a kiss as he drives through Parliament Square in London on Friday.

Ballots are sorted into trays during the E.U. referendum vote count for Westminster and the City of London at the Lindley Hall in London on Friday.

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People in Hong Kong watch as top anti-E.U. campaigner Nigel Farage (on screen), leader of the U.K. Indendence Party is seen, during a live broadcast of the Brexit vote, effectively declaring a victory for the Leave campaign on Friday.

U.K. Independence Party leader Nigel Farage speaks to journalists at the ‘Leave’ party at Millbank Tower in central London after polls closed and counting underway in the referendum on whether the U.K. will remain or stay in the European Union.

‘Leave’ supporters wave Union flags and cheer as the results come in at the Leave E.U. referendum party at Millbank Tower in central London on Friday morning.

Supporters of the ‘Stronger In’ Campaign react as results of the E.U. referendum are announced at a results party at the Royal Festival Hall in London early Friday morning.

Britain’s Labour Party leader Jeremy Corbyn leaves after voting in the E.U. referendum at a polling station in Islington, London on Thursday.

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An illuminated “In or Out” sign is pictured outside a house in Hangleton near Brighton in southern England on Thursday, as Britain holds a referendum on wether to stay with or leave the European Union.

British Prime Minister David Cameron and his wife Samantha leave after voting in the E.U. referendum at Central Methodist Hall, Wesminster on Thursday in London.

A woman carries an umbrell past a polling station for the Referendum on the European Union in north London on Thursday.

A poll card for voting in the U.K.’s referendum on Europe, is arranged for a photograph in Belfast, Northern Ireland, on Wednesday.

Britain’s former Prime Minister Gordon Brown takes part in a Britain Stronger In Europe rally event campaigning for people to vote to remain in the EU in Birmingham, on Wednesday.

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DAVID CAMERON SAYS HE IS NOT THE “CAPTAIN” WHO WILL STEER THE COUNTRY THROUGH NEGOTIATIONS.

Britain has voted to leave the European Union to take greater control of its economy and its borders, shattering the stability of the continental unity forged after World War II.

The decision launches what will be years of negotiations over trade, business and political links with the E.U., which will shrink to a 27-nation bloc.

Official results released early Friday show the ‘Leave’ side prevailed 52 per cent to 48 per cent in Thursday’s vote, which had a turnout of 72 per cent.

The U.K. is the first major country to decide to leave the bloc, which evolved from the ashes of the war as the region’s leaders sought to build links and avert future hostility.

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Financial authorities around the world have warned that a British exit will reverberate through a delicate global economy.

Live updates (time in IST):

1.31 p.m.: Bank of England chief Mark Carney says bank can provide liquidity in foreign currency if needed.

1.14 p.m.: The British government has a “democratic imperative” to call a referendum on whether Northern Ireland should leave the United Kingdom and unite with the Irish Republic, the Province’s Irish nationalist Deputy First Minister says.

“The British government now has no democratic mandate to represent the views of the North in any future negotiations with the European Union and I do believe that there is a democratic imperative for a ‘border poll’ to be held,” Sinn Fein’s Martin McGuinness told national Irish broadcaster RTE.

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“We are now in unchartered waters, nobody really knows what is going to happen. The implications for all of us on the island of Ireland are absolutely massive. This could have very profound implications for our economy

1.06 p.m.: Matteo Salvini, Italy’s most prominent far-right politician, also hails the Brexit vote as an example his country should follow. “Cheers to the bravery of free citizens,” the leader of the anti-immigration, anti-E.U. Northern League wrote on Twitter. “Heart, head and pride beat lies, threats and blackmail. THANKS UK, now it is our turn #Brexit”.

12.55 p.m.: “The cabinet will meet on Monday, the governor of the Bank of England is making a statement about the steps it is taking.”

12.54 p.m.: “There is no need for a precise timetable today, but we should aim to have a new prime minister in place by the start of Conservative conference in October,” Mr. Cameron says choking back tears.

12.54 p.m.: “I will do everything I can as prime minister to steady the ship in coming months, but I do not think it would be right for me to captain that ship.”

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12.53 p.m.: “This is not a decision I’ve taken lightly but I do believe it is in the national interest to have a period of stability and then the new leadership required,” he said.

12.53 p.m.: Cameron announces resignation.

12.52 p.m.: I fought this campaign with head, heart and soul, says Cameron.

12.51 p.m.: We must prepare for full negoatiations with E.U. with the involvement the Scottish, Weslsh and Irish, says Cameron.

12.50 p.m.: David Cameron says, “We trust the people with big decisions.”

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12:40 p.m: Labour Party leader Jeremy Corbyn says British Prime Minister David Cameron must move urgently to stabilize the pound, which was trading around $1.3706 Friday morning after plummeting to a 31—year low.

Mr. Corbyn also says Britain’s main opposition party will oppose any emergency budget or expansion of Britain’s austerity program resulting from the Thursday vote to leave the European Union.

The Bank of England says it’s ready to take “all necessary steps” to help keep Britain stable after voters chose to leave the 28—nation bloc.

Mr. Corbyn says British manufacturing depends on trade with the EU and called for careful steps to preserve British trade. He and other senior Labour figures had urged voters to remain in the EU.

12:35 p.m: “Today on behalf of the 27 leaders, I can say that we are determined to keep our unity as 27,” says European Union president Donald Tusk.

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12:26 p.m.: Dutch parliamentary party leader Geert Weilders calls for Netherlands to hold referendum on its EU membership

12.07 p.m.: UKIP leader Nigel Farage says the European Union is dying after Britain votes to leave.

12.01 p.m.: U.K. Opposition Leader Jeremy Corbyn says Britons feel very angry at way marginalised by successive governments

11.55 a.m.: U.K. Electoral Commission declares Britain has voted to leave European Union.

11.45 a.m.: Official results show the ‘Leave’ won by 12,69, 501 votes (52 per cent).

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11.40 a.m.: RBI watching all markets, including currencies, and will provide liquidity wherever necessary: RBI Governor Raghuram Rajan on Brexit impact.

11.40 a.m.: Top European Union officials are hunkering down in Brussels trying to work out what to do next after the shock decision by British voters to leave the bloc.

European Commission President Jean-Claude Juncker is hosting talks on Friday with the leaders of the European Council and Parliament, along with Dutch Prime Minister Mark Rutte, whose country holds the E.U.’s rotating presidency.

The four will try to agree on a European position on the vote, which could see a member country leave the bloc for the first time ever, ahead of a summit of E.U. leaders in Brussels starting on Tuesday.

Parliamentary leaders were meeting separately, and European commissioners the E.U.’s executive body could hold separate talks later.

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11.30 a.m.: French far-right leader Marine Le Pen says there should be a similar referendum about E.U. membership in France after Britons voted to leave the 28-nation bloc.

“A victory for Freedom,” Ms. Le Pen tweeted. “We now need the same referendum in France and in EU nations.”

11.20 a.m.: India well prepared to deal with short and medium-term consequences of Brexit, says Finance Minister Arun Jaitley.

“Aim will be to smoothen volatility and minimise Brexit impact on the economy in the short-term, the FM says.

11.05 a.m.: Now that voters have chosen exit, will more referendums follow suit? Social media averse on this:

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10.56 a.m.: Tally by the BBC shows Britain has voted to leave the 28-nation European Union.

10.40 p.m.: Germany’s Foreign Minister Frank-Walter Steinmeier says he regrets Britain’s decision to leave the E.U., calls it a “sad day for Europe”.

“The early morning news from #GreatBritain are truly sobering. It looks like a sad day for #Europe +the #UnitedKingdom,” Mr. Steinmeier tweeted.

10:36 a.m.: Voters in Wales and the English shires have backed Britan’s exit in large numbers.

10:35 a.m.: London and Scotland voted strongly to stay in the EU but the remain vote has been undermined by poor results in the north of England.

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