BREXIT: David Cameron resigns after UK votes to leave EU

Prime Minister David Cameron today announced his resignation after British voters defied his advice and decided to pull their country out of the European Union.

Cameron said he would remain in his post for a few more months to “steady the ship” until a successor can take over. He said he expected a new prime minister to be in place by October. 

Cameron, 49, who had expected to serve out his second term as prime minister, until 2020. But after the results of Thursday’s “in or out” referendum became clear 52% of voters opted to leave the EU. 

British membership in the E.U. is a process that will probably take at least two years, and until the terms are agreed upon, Britain is still considered a member of the bloc.

That means that the free movement of people and goods within the E.U., including Britain, remains in place. Europeans are still able to come to Britain to live and work without restrictions, and Britons residing visa-free in other E.U. countries can continue their lives as usual.