STOCK MARKET BSE NSE

David Cameron's resignation to set off leadership scramble

If only one candidate surfaces by the close of nominations, he or she is declared the leader and the choice then must be ratified by the membership.

Published: 24th June 2016 03:09 PM  |   Last Updated: 24th June 2016 03:09 PM   |  A+A-

By AP

LONDON: British Prime Minister David Cameron's decision to resign after losing the referendum vote on European Union membership will set off an intense Conservative Party leadership battle.

Cameron said Friday a new prime minister should be in place by a party conference in October.

Among the possible contenders are former London Mayor Boris Johnson and Justice Secretary Michael Gove, who both helped lead the "leave" campaign, and Home Secretary Theresa May.

Other Cabinet members are likely to contend as well. Treasury chief George Osborne's chances seem damaged by the Brexit vote as he had argued strongly to remain in the EU.

Conservative Party rules call for the party's members of Parliament to choose two candidates through a series of ballots, and then the entire party's membership will choose between those two.

If only one candidate surfaces by the close of nominations, he or she is declared the leader and the choice then must be ratified by the membership.

Johnson is expected to make a statement Friday morning after the victory of his "leave" campaign.

Defense Secretary Michael Fallon said it is too early to speculate about who will replace Cameron, who became party leader in 2005 and led the party to two general election victories.

"I think it is a bit too early to start speculating about that," he said. "There is plenty to do now to help make this decision work, to stabilize our economy, to reassure our allies and to continue the program we were all elected on last year."

He said Cameron has done the honorable thing by resigning.

Cameron had been expected to serve several more years. He was re-elected last year with a majority vote but lost control of the debate on the EU.

With his wife Samantha at his side, he said he is not the correct "captain" to steer Britain through its upcoming negotiations.

Stay up to date on all the latest World news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp