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British PM David Cameron says he will resign

Prime Minister David Cameron announced Friday he will resign after Britons voted to leave the EU in defiance of his warnings of economic pain.  Cameron promised to try to “steady the ship” over the next months but said a new leader should be installed by early October. “I do not think it would be right for me to try to be the captain that steers our country to its next destination,” the British leader said outside his official Downing Street residence in London. Source: Vanguard Ng

'I was misinterpreted' - Cameron in reversal on threat to sack ministers who campaign to leave EU

David Cameron was today forced to deny threatening to sack sack ministers who want for to campaign for Britain to leave the EU, claiming his remarks had been 'misinterpreted'. The Prime Minister used a press conference in Germany to insist his demand for loyalty only extends to his renegotiation of Britain's EU membership, and not his planned referendum.  In chaotic scenes, a junior minister appeared on the radio defending the 'back me or I'll sack you' threat just as Downing Street was preparing to shift its position. One furious senior Tory MP told MailOnline: 'They must make up their f***ing minds.' Mr Cameron has pledged to renegotiate Britain's membership of the EU before staging an in-out referendum by 2017, and possibly as early as next May. Senior ministers who want to leave the EU hope to remain in the government while campaigning for Brexit. Mr Cameron last night briefed reporters at the G7 summit in Bavaria, and appeared...