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David Cameron announced he will step down following the country's vote to leave the Eurpean Union. (June 24) AP
British Prime Minister David Cameron announces his resignation after losing the vote in the EU Referendum outside 10 Downing Street in London, Britain, June 24, 2016.(Photo: FACUNDO ARRIZABALAGA, EPA)
LONDON —<span style="color: Red;">*</span>British Prime Minister David Cameron announced Friday that he would<span style="color: Red;">*</span>resign in the wake of his failure to persuade a majority of Britons to support continued membership in the European Union. His departure adds<span style="color: Red;">*</span>major<span style="color: Red;">*</span>uncertainty to the nation's<span style="color: Red;">*</span>expanding list of problems following Thursday's historic vote to leave the 28-member EU.
Cameron vowed to "steady the ship" over the coming weeks and months before stepping down by October.
"The will of the British people is an instruction that must be delivered," he said in remarks outside his office in Downing Street.<span style="color: Red;">*</span>“But I do not think it would be right for me to try to be the captain that steers the country to its next destination.”
He said he informed Queen Elizabeth II of his decision. Britons voted<span style="color: Red;">*</span>52% to 48% to leave the 28-nation political bloc, a repudiation of Cameron, who led<span style="color: Red;">*</span>the "remain" campaign.
The outcome of the vote sent global markets into a tailspin. It raises questions about the future of post-World War II<span style="color: Red;">*</span>European move toward unification, renews<span style="color: Red;">*</span>the prospect of Scottish independence from the U.K. and casts<span style="color: Red;">*</span>doubt over years of stability on the border between Northern Ireland <span style="color: Red;">*</span>(part of the U.K.) and the Republic of Ireland, an EU member.
Cameron took a massive gamble when he decided to hold a vote last year<span style="color: Red;">*</span>under pressure from Euro-skeptic elements of his Conservative Party.
It turned out to be a referendum on his own political career, as well.
Tim Bale, a professor of politics at Queen Mary University of London, said<span style="color: Red;">*</span>former London mayor Boris Johnson, a leader of the EU exit campaign, will be one of the politicians interested in Cameron's job. However, he said a number of Conservative Party members of Parliament will "worry about how good a choice he would be."
Bale said Johnson is "not a very impressive parliamentary speaker, which is an important part of the role."<span style="color: Red;">*</span>He said other contenders could include current Interior Minister Theresa May and Stephen Crabb, a welfare minister.
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Tony Tavers, a professor of politics at the London School of Economics, said Cameron will go down in history as the British leader who took the U.K. out of the EU, but that over time he will be viewed less harshly. "Half of the country will one way or another think he has done the right thing, and he is the person that gave them that choice," he said.
Cameron, who tirelessly campaigned to try to keep the U.K. in the EU,<span style="color: Red;">*</span>said he was<span style="color: Red;">*</span>“proud and very honored to have been PM of this country for 6 years.”
Until now, he has also been pretty lucky.
He<span style="color: Red;">*</span>steered the nation out of the grips of the financial crisis in 2008, triumphed over Scotland's failed bid for independence in 2014 and legalized same-sex marriage. He also pushed an austerity agenda, advocated for the free market and reduced the size of the British welfare state amid considerable political opposition.
The Eton- and Oxford-educated Cameron is<span style="color: Red;">*</span>a pragmatic modernizer who has survived threats through a combination of<span style="color: Red;">*</span>charm and political instinct.
Cameron said he would continue as prime minister in the short term to alleviate concern over Britain's economy and the path forward<span style="color: Red;">*</span>and leave it to his successor to decide when to invoke Article 50 of the Treaty on European Union, the legal clause that will<span style="color: Red;">*</span>trigger<span style="color: Red;">*</span>its formal<span style="color: Red;">*</span>departure from the EU.
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