Cameron says UK has to implement the referendum result

UK Prime Minister David Cameron said on Monday that the vote to exit the European Union must be accepted. Speaking in Parliament, Cameron said he is not planning a second referendum.  We have to implement the referendum result, he said.

Cameron said Brexit will mean uncertainty and an adjustment for the UK economy, but Britain is well placed to face the challenges ahead. The UK financial system is resilient and the BoE and UK Treasury will not hesitate to take further measures if needed, he stated.

Cameron said collective responsibility has been reimposed on the government. All parties will be involved in exit talks. He will be appointing another European commissioner to replace Lord Hill, who resigned at the weekend. As a full paying member of the EU, the UK is entitled to a commissioner, he said.