UK Prime Minister David Cameron has announced his resignation, following Britain’s massive decision to leave the European Union. He said he aimed to leave the position in October of this year. 

Outside his 10 Downing Street residence, Cameron told a flock of journalists “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 be the captain to steer this country to its next destination.”

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

The nation’s decision to leave the EU comes after Cameron doggedly campaigned for the UK to remain a member.

His decision to stand down is probably as bitter a “fall-on-one’s-sword” moment as you’re likely to see in this generation.

While his decision is the preface to a massive shift in politics within the UK, the results of the referendum have already been felt in economic terms. The pound plummeted in the aftermath of the final result, and international markets have been wobbly ever since the first whiff of a Leave verdict. 

All of this means that Cameron’s public admission of defeat is perhaps the first we’ll all bear witness to, but by no means will it be the last. This is going to be a mad few months, yo.

Source: Sky News. 
Photo: Dan Kitwood / Getty.