David Cameron has announced his intention to step down as Prime Minister later this year after suffering a referendum defeat at the hands of the leave campaign.
Speaking outside Number 10 Downing Street, Mr Cameron said he had been proud to lead the country for six years, but thought that a new prime minister should negotiate a deal with the European Union.
He hoped to ‘steady the ship over the coming weeks and months’, but felt it was ‘not right for me to be the captain that steers us to its next destination’.
He expected a successor to take over before the Conservative Party Conference in October.
Mr Cameron, who visited Sussex Newspapers’ offices in Horsham last week while he was on the referendum campaign trail, added: “I think the country requires fresh leadership to take it in this direction.”
Although he campaigned for the UK to remain in the EU, he felt the country should be ‘proud’ that they trusted people to make the big decisions.
The referendum result has caused shock waves in financial markets, but Mr Cameron reassured these markets that the British economy was ‘fundamentally strong’.
He also reassured Britons currently living in European countries and EU citizens living in the UK that there would be ‘no immediate change in your circumstances’.
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