The world is still reeling over the UK's win with the Brexit campaign, as voters finally took to what could be the most unprecedented challenge their nation has seen. And as many conservative MP's expressed both sadness and admiration over PM Cameron's resignation, ever wonder how the former prime minister felt himself?
Other key political leaders (even those who campaigned for Brexit), however, stressed their disappointment in PM Cameron's resignation, according to a Telegraph UK post. One Tory official said that the former PM is one who just "takes his bat and go home when he doesn't get his way", while European Council president Donald Tusk calmly appeals for no post-Brexit hysteria and that EU law still applies until the UK formally leaves.
Meanwhile, following the UK-Brexit vote and PM Cameron's resignation, Bank of England governor Mark Carney has already announced regarding the institution gearing up for a "new" economy. In a brief statement, Carney ensured that the BOE has engaged in thorough contingency planning, as well as stress-tested involved banks against the severity of such scenarios.
Carney added that UK banks have actually raised up to more than $181 billion of new capital, plus more than $833 billion in terms of high quality liquid assets. This means that UK banks still have high liquidity and substantial capital, allowing these institutions to finance more than enough to UK households and businesses in the midst of these challenging time.
A related Fortune post also shared highlights of PM Cameron's resignation speech outside his 10 Downing Street home. He said that as the British people made the outstanding decision towards Brexit, he recognizes a fresh start with new leadership to steer everyone down that path.
PM Cameron continued on valuing the UK's parliamentary democracy. Although there are questions regarding governance, it is also right to ask what the people think and that it was demonstrated with what was decided today.
He further added that Britain has the strength to sustain its survival outside the EU, though it wasn't a key path he fought for. "I've said before that Britain can survive outside the European Union and indeed that we could find a way now the decision has been made to leave, we need to find the best way and I will do everything I can to help," continued PM Cameron.
