Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

Britain's Prime Minister David Cameron speaks outside 10 Downing Street, London as his wife Samantha looks on Friday, June 24, 2016. Cameron says he will resign by the time of the party conference in the fall.

Matt Dunham/The Associated Press

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. That means the party must choose a leader, who would become prime minister.

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

Story continues below advertisement

Brexit: The latest developments, how it happened and what's next

Johnson on Friday praised Cameron — whose political career he had just helped end — and didn't address whether he would become a candidate for the party's top spot.

He called his old university classmate "one of the most extraordinary politicians of our age" and praised Cameron's "bravery" for calling the referendum vote.

Political analysts and commentators have consistently said Johnson hoped to use a vote in favour of a British exit, or Brexit, as a launching pad for national leadership.

Other Cabinet members are likely to contend as well. However, Treasury chief George Osborne's chances seem damaged by the Brexit vote as he had argued strongly in favour of remaining 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 party membership as a whole.

Story continues below advertisement

Political scientist Tim Bale at Queen Mary, University of London, said Johnson is the favourite because of the "huge momentum" generated by the result of the EU referendum.

"He was seen as the face of the victorious 'leave' campaign," Bale said. "He has an awful lot of support in the Conservative Party membership. I cannot see how MPs will not vote him through as one of the last two to go to the membership ballot so he must be favourite by quite some distance actually."

Defence 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 honourable thing by resigning.

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

Story continues below advertisement

With his wife Samantha at his side, a stoic Cameron said he is not the correct "captain" to steer Britain through its upcoming negotiations over breaking away from the EU.

08:27ET 24-06-16

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies